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On January 1, 2021, the stockholders' equity section of Kingman Corporation shows: common stock ($5 par value) $2,000,000; paid-in capital in excess of par value $1,200,000; and retained earnings $1,500,000. During the year, the following treasury stock transactions occurred. Mar. 1 July 1 Sept. 1 (a) Purchased 60,000 shares for cash at $13 per share. Sold 15,000 treasury shares for cash at $15 per share. Sold 10,000 treasury shares for cash at $11 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are Automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the sount titles and enter O for the amounts.)

On January 1,2021, the stockholders' equity section of Kingman Corporation shows: common stock ( $5 par value) $2,000,000; paid-in capital in excess of par value $1,200,000; and retained earnings $1,500,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 60,000 shares for cash at $13 per share. July 1 Sold 15,000 treasury shares for cash at $15 per share. Sept. 1 Sold 10,000 treasury shares for cash at $11 per share. (a) Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are qutomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the - Sount titles and enter o for the amounts.)

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