2. A company reported the following stockholder's equity on January 1 of the current year:

Common Stock, $10 par, 1,000,000 shares authorized, 400,000 shares issued $4,000,000

Paid -in - Capital in excess of par, common 1,200,000

Retained earnings 1,600,000

Totals Stockholder's Equity $6,800,000

Prepare journal entries for the following selected transactions related to this company's stock

during the current year:

Mar 1 Purchased 10,000 shares of Treasury Stock for $17 per share

May 5 Sold 4,000 shares of Treasury Stock for $16 per share

Oct 12 Sold 2,000 shares of Treasury Stock for $18 per share