A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following:

a. Purchased 1,500 shares of treasury stock at $16. The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares. If an amount box does not require an entry, leave it blank.

	Treasury Stock	fill in the blank 0333dd04a00ff9e_2	fill in the blank 0333dd04a00ff9e_3
	Cash	fill in the blank 0333dd04a00ff9e_5	fill in the blank 0333dd04a00ff9e_6

b. Sold 1,000 shares of treasury stock at $19. If an amount box does not require an entry, leave it blank.

	Cash	fill in the blank 2dcee2fcb02004e_2	fill in the blank 2dcee2fcb02004e_3
	Paid-In Capital from Sale of Treasury Stock	fill in the blank 2dcee2fcb02004e_5	fill in the blank 2dcee2fcb02004e_6
	Treasury Stock	fill in the blank 2dcee2fcb02004e_8	fill in the blank 2dcee2fcb02004e_9

c. Purchased equipment for $80,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the remaining. If an amount box does not require an entry, leave it blank.

	Equipment	fill in the blank d2a2fdfcd02504d_2	fill in the blank d2a2fdfcd02504d_3
	Cash	fill in the blank d2a2fdfcd02504d_5	fill in the blank d2a2fdfcd02504d_6
	Common Stock	fill in the blank d2a2fdfcd02504d_8	fill in the blank d2a2fdfcd02504d_9
	Paid-In Capital in Excess of Par-Common Stock	fill in the blank d2a2fdfcd02504d_11	fill in the blank d2a2fdfcd02504d_12

d. Sold 500 shares of treasury stock at $14. If an amount box does not require an entry, leave it blank.

	Cash	fill in the blank f13b95006fd1fc7_2	fill in the blank f13b95006fd1fc7_3
	Paid-in Capital from Sale of Treasury Stock	fill in the blank f13b95006fd1fc7_5	fill in the blank f13b95006fd1fc7_6
	Treasury Stock	fill in the blank f13b95006fd1fc7_8	fill in the blank f13b95006fd1fc7_9