Capital stock outstanding, 10,000 shares, par value $15 Paid-in capital in excess of par Retained carnings S150,000 40,000 60,000 Prepare the journal entry for the following transactions under the cost method of accounting for treasury stock Purchased 1,000 shares of common stock to be held as treasury stock, paying $25 per share. 1. 2. Sold 300 of these shares of at $28 per share. 3. Sold the remaining shares at $23 per share