Adams Co$.$ reports the following components of stockholders' equity:

Common Stock $-$ $$10$ par value, $50,0000$ shares authorized, $20,000$ shares issued.

Paid$-$In Capital in excess of par, common stock: $$44,000$

Retained Earnings: $$124,000.$

In $2012$ the following transactions occurred:

Jan. $1$

Issued $1,000$ shares of common stock for $$15,000$ cash.

Jan. $31$

Purchased $2,000$ shares of our own stock for $$34,000.$

Feb. $1$

Declared a $$\mathrm{.}50$ per share dividend, payable on Feb. $28$ to the Feb. $14$ stockholder of record.

Feb. $28$

Paid dividend declared on Feb. $1.$

March $1$

Sold $1,000$ treasury shares for $$18,000.$

March $30$

Sold $1,000$ treasury shares for $$14,000.$

April $1$

Declared a $$\mathrm{.}50$ per share dividend, payable on April $30$ to the April $15$ stockholders of record.

April $30$

Paid the dividend declared on April $1.$

May $1$

Issued $1,000$ shares of common stock in exchange for equipment worth $$18,000.$

Required:

$1.$ Prepare the necessary journal entries for these transactions.