Harlee Inc. has 60,000 shares of \(\$ 5\) par common stock outstanding at the beginning of the year 2020. Prepare entries for the following transactions affecting. stockholders' equity. Assume Paid-in Capital—Treasury Stock has a zero beginning balance.

a. January 15,2020 : Purchased common stock as treasury shares, 2,000 shares at \(\$ 20\).

b. June 15,2020 : Sold common treasury stock, 800 shares at \(\$ 14\).