(Answered)-ZYX reported: Common stock outstanding, 1,000 shares (par $20) $20,000 Contributed capital in excess - (2025 Updated Original AI-Free Solution

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ZYX reported: Common stock outstanding, 1,000 shares (par $20)       $20,000 Contributed capital in excess of par                     1,000 Retained earnings                                       50,000 ZYX bought 15 shares to be held as treasury stock for cash at $25 per share. Sold 5 of the treasury shares at $27 per share Required: Give all entries required, assuming the par value method is used: Give all entries required, assuming the cost method is used: