I need help with the journal entries below.

Adams Co. reports the following components of stockholders' equity:

Common Stock - $5 par value, 100,0000 shares authorized, 50,000 shares issued.

Paid-In Capital in excess of par, common stock: $64,000

Retained Earnings: $110,000.

In 2012 the following transactions occurred:

Jan. 1

Issued 2,000 shares of common stock for $12,000 cash.

Jan. 31

Purchased 2,000 shares of our own stock for $22,000.

Feb. 1

Declared a $.50 per share dividend, payable on Feb. 28 to the Feb. 14 stockholder of record.

Feb. 28

Paid dividend declared on Feb. 1.

March 1

Sold 1,000 treasury shares for $12,000.

March 30

Sold 1,000 treasury shares for $9,000.

April 1

Declared a $.50 per share dividend, payable on April 30 to the April 15 stockholders of record.

April 30

Paid the dividend declared on April 1.

May 1

Issued 1,000 shares of common stock in exchange for land worth $11,000.

Required:

1. Prepare the necessary journal entries for these transactions.

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