Prepare the journal entries to record the treasury stock transactions in 2025, assuming Coronado uses the cost method. (List alldebit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Ifno entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in theproblem statement.)DateAccount Titles and ExplanationDebitCredit Coronado Company had the following stockholders' equity as of January 1, 2025.Common stock, $5 par value, 19.100 shares issuedPaid-in capital in excess of par-common stockRetained earningsTotal stockholders' equityDuring 2025, the following transactions occurred.Feb. 1Mar. 1Mar. 18Apr. 22May 1$95,500304,000314,000$713,500Coronado repurchased 2,150 shares of treasury stock at a price of $20 per share.720 shares of treasury stock repurchased above were reissued at $18 per share.530 shares of treasury stock repurchased above were reissued at $13 per share.630 shares of treasury stock repurchased above were reissued at $22 per share.Remaining treasury shares are retired.

Journal entry is a primary entry that records the financial transactions initially. The treasury stock-is the stock purchased by organization on its own. It is initially recorded at cost. Journal entriesDateAccount title and explanationDebit($) Credit($) Feb 1Treasury stock$43,000Cash(2,150×$20)$43,000(To record issue of treasury stock) March 1Cash(720×$18)$12,960Retained earnings$1,440Treasury stock(720×$20)$14,400(To record reissue of treasury stock)March 18Cash(530×13)$6,890Retained earnings$3,710Treasury stock$10,600(To record reissue of treasury stock) Apr 22Cash$13,860Treasury stock$12600Paid in capital from treasury stock$1,260(To record reissue of treasury stock) Thus at the time of sale the treasury stock- is to be measured at cost.