Remaining Themes 1 hour, 59 minut 06 Question Completion Status: 2 Moving to another question will save this response 10 Question 2 (4.5 Grades) 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 reamed saming $1500 D year, the following treasury stock transactions occurred. March 5: Purchased 5,000 shares for cash at $14 per share. April 25: Sold 2,000 treasury shares for cash at $15 per share. June 25: Sold 3,000 treasury shares for cash at $11 per share Required: Prepare journal entries to record the above treasury stock transactions. Example: XYZ Company pays $10,000 cash to purchase land Answer: CLEARLY INDICATE THE DEBITS & CREDITS Dr. Land Cr. Cash 10,000 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10nt ALL