A company has 100,000 shares of $5 par value common stock outstanding. Prepare journal entries to record the following selected transactions that occurred during the company's third year of operations.

Jan. 10 Sold 102,000 shares of common stock for $8 cash per share

Jan. 15 Exchanged 10,000 shares for equipment with a market value of $80,000

Feb. 1 Exchanged 500 shares for $3,000 of legal services

March 1 Purchased 10,000 shares of treasury stock for $17 per share

March 25 Declared a $2 per share cash dividend on shares of stock outstanding

April 20 Paid cash dividends declared on March 25

May 5 Sold 4,000 shares of treasury stock for $16 per share

July 3 Declared a 10% common stock dividend with a market price of $16

Aug 1 Distributed the stock dividend

Oct 12 Sold 2,000 shares of treasury stock for $18 per share