Question: Wonder Ltd . has treasury stock transactions in 2 0 X 9 as follows: a . Feb. 2 7 Purchased 1 4 1 , 3

Wonder Ltd. has treasury stock transactions in 20X9 as follows:
a. Feb. 27 Purchased 141,300 common shares as treasury stock at $7.50 per share.
b. March 15 Purchased 65,600 common shares as treasury stock for $6.50 per share.
c. April 30 Reissued 102,600 shares of treasury stock for $5.25 per share.
d. May 16 Purchased 55,600 common shares as treasury stock for $7.05 per share.
e. Nov. 26 Reissued 276,000 shares of treasury stock for $5.00 per share.
At the end of 20X8, Wonder Limited had reported the following in shareholders equity:
Common shares, no-par value; authorized, unlimited shares; issued, 5,972,800 shares, outstanding, 5,660,000 shares 21,745,800
Contributed capital on treasury stock transactions 137,400
Retained earnings 15,264,000
Treasury stock, 306,000 common shares (1,284,000)
Required:
1.
Prepare journal entries for the treasury stock transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations to 2 decimal places.)
2. Calculate the balances in the equity accounts, after the effects of the transactions in requirement 1.(Round your intermediate calculations to 2 decimal places.)
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