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(E13-9) South Company had 1,000,000 shares of $5 par value common stock issued and out- standing on January 1, 2005. The following events took place

(E13-9) South Company had 1,000,000 shares of $5 par value common stock issued and out- standing on January 1, 2005. The following events took place during 2006: March 15, 2006: Purchased 100,000 shares of treasury stock for $20 per share. June 30, 2006: Reissued 50,000 shares of treasury stock for $23 per share. December 15, 2006: Reissued 10,000 shares of treasury stock for $19 per share. Required: Prepare journal entries for each of the three transactions.

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