Save Answ Question 15 4.5 points (4.5 Grades) On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10 per 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 5,000 shares for cash at $28 por share, Apni 25: Sold 2,000 treasury shares for cash at $30 per share, Juno 25. Sold 3,000 treasury shoes for cash at $22 per sharo Required: Prepare journal entries to record the above treasury stock transactions. CLEARLY INDICATE THE DEUTS & CREDITS Example: XYZ Company pays $10,000 cash to purchase land Answer: Dr Land 10,000 Cr Cash 10 000 Carmen Ton ITAENARIAI