A Company originally sold $25 par value common shares and recorded the following: Cash 290,000 Common Stock 250,000 Paid in Capital in Excess of Par. 40,000 Instructions Record the treasury stock transactions (given below) using the cost method. (a) Bought 2,000 shares of common stock as treasury shares at $54.

(b) Sold 1,800 shares of treasury stock at $52.

(c) Sold 200 treasury shares at $58.