Camby Corporation's balance sheet reported the following:

Capital stock outstanding, 8,000 shares, par $60 per share $480,000

Paid-in capital in excess of par Common Stock 320,000

Retained earnings 294,000

The following transactions occurred this year:

(a) Purchased 250 shares of capital stock to be held as treasury stock, paying $87 per share.

(b) Sold all 250 shares of treasury stock at $91 per share.

(c) 600 shares of capital stock were purchased at $102 per share.

(d) Sold 250 shares of the treasury stock at $88 per share.

Instructions

Prepare the journal entry for these transactions under the cost method of accounting for treasury stock.