Ellison Comapny balance sheet shows:

Common stock, $$5$ par $$1,000,000$

Paid in capital in excess of par $$350,000$

Retained Earnings $$250,000$

Required: Record journal entries for the following transaction using the cost method.

a$)$ bought $10,000$ shares of its own common stock $($treasury stock$)$ at $$9$ a share on $1/16/24$

b$)$ resold $5,000$ shares of the treasury stock at $$10$ a share on $3/28/24$

c$)$ resold $4,000$ shares of treasury stock at $$7$ a share on $5/26/24$