Question 7 Current Attempt in Progress On January 1,2018, the stockholders' equity section of Nance Corporation shows: Common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Purchased 30,000 shares for cash at $22 per share. Sold 6,000 treasury shares for cash at $27 per share. Sold 5,000 treasury shares for cash at $19 per share. Mar. July Sept. 1 1 1 Journalize the treasury stock transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation Mar. 1 July 1 Sept. 1 Restate the entry for September 1, assuming the treasury shares were sold at $12 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Sept. 1 Debit Credit