A company reported the following stockholders equity on January 1 of the current year:

Common stock$10 par value, 1,000,000 shares authorized; 261,000 shares issued$ 2,610,000Paid-in capital in excess of par value, common stock1,271,000Retained earnings1,686,000Total stockholders equity$ 5,567,000

Prepare journal entries for the following selected transactions.

March 1 Purchased 11,100 shares of its own stock for $22 cash per share.May 5 Sold 5,100 shares of its treasury stock for $22 cash per share.October 12 Sold 3,100 shares of its treasury stock for $23 cash per share.