Before Bridgeport Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share).

Paid-in Capital in Excess of ParCommon Stock		Common Stock		Retained Earnings
$100,500		$285,300		$73,200

Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(a)		Bought 390 shares of treasury stock at $42 per share.
(b)		Bought 280 shares of treasury stock at $43 per share.
(c)		Sold 340 shares of treasury stock at $44 per share.
(d)		Sold 100 shares of treasury stock at $40 per share.

No.	Account Titles and Explanation	Debit	Credit
(a)
(b)
(c)
(d)

List of Accounts

Assistance Used

• Bonds Payable
• Buildings
• Cash
• Common Stock
• Common Stock Dividend Distributable
• Debt Investments
• Dividends Payable
• Discount on Bonds Payable
• Equipment
• Equity Investments
• Income Summary
• Land
• Legal Fees Expense
• No Entry
• Organization Expense
• Paid-in Capital from Treasury Stock
• Paid-in Capital in Excess of Par - Common Stock
• Paid-in Capital in Excess of Par - Preferred Stock
• Paid-in Capital in Excess of Stated Value - Common Stock
• Preferred Stock
• Property Dividends Payable
• Retained Earnings
• Retained Earnings Appropriated for Plant Expansion
• Share Capital-Ordinary
• Share Capital-Preference
• Share Premium-Conversion Equity
• Share Premium-Ordinary
• Share Premium-Preference
• Treasury Stock
• Unamortized Bond Issue Costs
• Unrealized Holding Gain or Loss - Income