Journal entries for treasury stock transactions. Prepare journal entries to record the following treasury stock transactions of Huerta Corporation.

a. Purchases 8,000 shares of $10-par value common stock for $30 per share.

b. Issues 3,000 treasury shares to employees under stock-option plans. The exercise price is $32 per share. Assume that the market price of the common stock on the exercise date is $35 per share.

c. Purchases 5,000 shares of common stock for $38 per share.

d. Issues 6,000 shares of common stock in the acquisition of land valued at

$200,000. Huerta Corporation uses a FIFO assumption for reissues of treasury stock.

e. Sells the remaining shares of treasury stock for $36 per share.

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