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

Paid-in Capital in Excess of ParCommon Stock

Common Stock

Retained Earnings

$103,500

$260,700

$82,700

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)Bought370shares of treasury stock at $40per share.(b)Bought290shares of treasury stock at $44per share.(c)Sold340shares of treasury stock at $42per share.(d)Sold100shares of treasury stock at $38per share.

No.

Account Titles and Explanation

Debit

Credit

(a)

(b)

(c)

(d)