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  3. on january 1, 2022, the stockholders' equity secti

On January 1, 2022, the stockholders' equity section of Marigold Corporation shows common stock (...

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Accounting

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On January 1, 2022, the stockholders' equity section of Marigold Corporation shows common stock ( $6 par value) $1,800,000; paid-in capital in excess of par $1,000,000; and retained earnings $1,190,000. During the year, the following treasury stock transactions occurred, Mar. 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 11,000 treasury shares for cash at $17 per share. Sept. 1 Sold 9,000 treasury shares for cash at $14 per share, Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Restate the entry for September 1, assuming the treasury shares were sold at $11 per share. (List all debit entries before credit entries. Credit account tities are automatically indented when amount is entered. Do not indent manually.)

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