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Hansen Corporation's balance sheet reported the following:
Common stock issued and outstanding - 10,000 shares $80,000
Paid-in capital in excess of par common stock 120,000
Retained earnings 300,000
Prepare the journal entry for the following transactions that occurred this year:
(a) Purchased 200 shares of capital stock to be held as treasury stock, paying $75 per share.
(b) Sold 80 of the shares of treasury stock at $80 per share.
(c) Sold 70 shares of treasury stock at $65 per share.
(d) Retired the remaining shares
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