Question: * Question Completion Status: Click Submit to complete this assessment. Question 15 (4.5 Grades) Question 15 of 15 4.5 points On January 1, 2021, the

* Question Completion Status: Click Submit to complete this assessment. Question 15 (4.5 Grades) Question 15 of 15 4.5 points On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 par value) $400,000, paid-in (contributed) capital in excess of par value $200,000; and retained earnings $150,000. During the year, the following treasury stock transactions occurred. March 5: Purchased 6,000 shares for cash at $16 per share. April 25: Sold 4,000 treasury shares for cash at $18 per share. June 25: Sold 2,000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $15,000 cash to purchase land Answer Dr. Land Cr. Cash 15,000 15,000 the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 3 I US Paragraph Arial 10pt !!! > I X

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