Common Stock $($ $$60$ par value, authorized $26,000$ shares$)$

$$936,000$

Retained Earnings

$619,000$

$($a$)$

Prepare entries in journal form to record the following transactions, which took place during $2026.$ Transactions occured in the order presented. $($Credit account titles are automatically indented when the amountisentered Do nat indent manually if no entry is required, select $"$Wo Entry" for the account tithes and enter O for the amounts. List all debit entries before crediti entries$)$

$(1)370$ shares of outstanding stock were purchased at $$73$ per share. $($These are to be accounted for using the stock method.$)$

$(2)$ A $$4$ per share cash dividend was declared.

$(3)$ The dividend declared in $(2)$ above was paid.

$(4)$ The treasury shares purchased in $(1)$ above were resold at $$77$ per share.

$(5)390$ shares of outstanding stock were purchased at $$79$ per share. $($Use the cost method.$)$

$(6)260$ of the shares purchased in $(5)$ above were resold at $$71$ per share.

No$.$ Account Titles and Explanation

Debit

Credit

$1.$