Marks Corporation's stockholders' equity at December 31, 2017, is as follows: Common stock, $10 par (10,000 $100,000 shares) Paid in Capital in excess of par 3,000 Retained Earnings 197,000 Total Stockholders' Equity $300,000 The following treasury stock transactions occurred during 2018. Jan. 2 Purchased at $12 per share, 1,000 shares of their own stock. Feb. 4 Sold 500 shares of treasury stock at $13 per share. May 10 Sold 500 shares of treasury stock at $8 per share. Prepare journal entries to record treasury stock transactions in 2018 under the cost method.

The stockholders’ equity accounts of Flint Corporation on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,950 shares authorized)   $297,000 Common Stock ($4 stated value, 321,000 shares authorized)   1,070,000 Paid-in Capital in Excess of Par Value—Preferred Stock   14,850 Paid-in Capital in Excess of Stated Value—Common Stock   513,600 Retained Earnings   686,500 Treasury Stock (4,950 common shares)   39,600 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1   Issued 4,950 shares of common stock for $29,700. Mar. 20   Purchased 1,400 additional shares of common treasury stock at $7 per share. Oct. 1   Declared a 8% cash dividend on preferred stock, payable November 1. Nov. 1   Paid the dividend declared on October 1. Dec. 1   Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31…

The equity section of Atticus Group’s 2017 year-end balance sheet had 200,000 shares of $4 par value common stock authorized. Of this amount, 40,000 shares were issued and outstanding in one offering in which the stock was sold at $7 per share. Retained earnings had a balance of $320,000. The following transactions and events occurred in 2018. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10, to be paid February 10. Mar. 20 Purchased 3,000 shares of treasury stock for $10 per share. Apr. 5 Declared a 20% stock dividend when the stock’s market value was $12 per share. The dividend is to be distributed on April 30 to stockholders of record on April 10. Jul. 5 Declared a $0.25 per share cash dividend, date of record July 10, to be paid August 10. Aug. 14 Issued 4,000 shares at $15 per share. Oct. 5 Declared and distributed a 2-for-1 stock split. Dec. 31 Atticus recorded net income of $248,000 in 2018. 1.What is total paid-in capital one…

The stockholders’ equity accounts of Flint Corporation on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,950 shares authorized)   $297,000 Common Stock ($4 stated value, 321,000 shares authorized)   1,070,000 Paid-in Capital in Excess of Par Value—Preferred Stock   14,850 Paid-in Capital in Excess of Stated Value—Common Stock   513,600 Retained Earnings   686,500 Treasury Stock (4,950 common shares)   39,600 During 2017, the corporation had the following transactions and events pertaining to its stockholders’ equity. Feb. 1   Issued 4,950 shares of common stock for $29,700. Mar. 20   Purchased 1,400 additional shares of common treasury stock at $7 per share. Oct. 1   Declared a 8% cash dividend on preferred stock, payable November 1. Nov. 1   Paid the dividend declared on October 1. Dec. 1   Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31…