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Recording Common Stock Direct Retirement Laser Inc. has the following account balances on December 31, 2019. Required Prepare journal entries for the following three separate scenarios. a. On January 15, 2020, Laser Inc. acquires and immediately retires 1,200 shares of stock at $15 per share. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. b. On January 15, 2020, Laser Inc, acquires and immediately retires 1,200 shares of stock at $17 per share. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. c. On January 15, 2020, Laser Inc. acquires and immediately retires 1,200 shares of stock at $14 per share. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Cash Equipment Investment in Stock Dividends Payable Property Dividends Payable Preferred Stock Common Stock Common Stock Dividends Distributable Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital-Retired Stock Paid-in Capital-Treasury Stock Retained Earnings Treasury Stock Legal Expense Unrealized Gain or Loss-Income N/A

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