At the end of 20X8, Minnow Reserves Corp. reported the following in shareholders equity:

Preferred shares, no-par value; authorized, unlimited shares; issued, 45,000 shares	$	1,035,000
Common shares, no-par value; authorized, unlimited shares; issued, 1,150,000 shares, outstanding, 1,100,000 shares		2,300,000
Contributed capital on treasury stock transactions		18,000
Retained earnings		2,150,000
Treasury stock, 36,000 common shares		(330,000	)

The company had treasury stock transactions in the following sequence during 20X9:

1. Purchased 66,000 common shares as treasury stock at $12 per share.
2. Reissued 42,000 treasury shares at $13 per share.
3. Reissued 37,500 treasury shares at $6 per share.

Required: 1. Prepare journal entries for the treasury stock transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the purchase of common stock as treasury stock at $12
• Record the reissue of treasury stock at $13 per share
• Record the reissue of treasury stock at $6 per share

2. Calculate the balances in each equity account, after the effects of the transactions in requirement 1.