companyB has the following stockholders equity as of January 1, 2020.

- Common stock, $5 par value. 20,000 shares issued $100,000.

- Paid-in-capital in excess of par common stock $300,000

- Retained earnings $320,000

During 2021, the following transactions occurred.

Feb 1. CompanyB repurchased 2,000 shares of treasury stocks at a price of $19 per share.

March 1. 800 shares of treasury stocks repurchased above were reissued at $17 per share.

March 18. 500 shares of treasury stocks repurchased above were reissued at $14 per share.

April 22. 600 shares of treasury stock repurchased above were reissued at $21 per share.

Instructions

Prepare the journal entries to record the treasury stock transactions in 2020, assuming that CompanyB uses the cost method.