Kingbird Company has the following stockholders’ equity accounts at December 31, 2019.Common Stock ($100 par value, authorized 8,600 shares) $473,000Retained Earnings 281,300Required:Prepare the journal entries to record the treasury stock transactions in 2020, assuming Bridgeport uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
