The balance sheet of Relaxation, Inc., at December 31, 2017, reported 500,000 shares of $2 par common stock authorized with 105,000 shares issued and outstanding. Paid-in capital in excess of par- common had a balance of $290,000. Retained earnings had a balance of $108,000. During 2018, the company completed the following selected
transactions:
Requirement 1. Record the transactions in the journal. Explanations are not required.