Boston Company's balance sheet reports the following:

Common stock, $20 par$3,000,000

Paid-in capital in excess of par1,050,000

Retained earnings750,000

Required:

Prepare journal entries to record the following transactions using the cost method.

(a) Bought 12,000 shares of its common stock at $29 a share.

(b) Sold 6,000 treasury shares at $30 a share.

(c) Sold 3,000 shares of treasury stock at $26 a share.