McClendon Corporation has authorized 20,000 shares of $10 par value common stock. The following events occurred during the year.

1. Issued 8,000 shares of the common stock for $12 per share.

2. Purchased back 1,000 shares if the common stock for $14 per share.

3. Reissued 300 of the 1,000 shares (from event 2) at a price of $15 per share.

Which of the following is the correct journal entry to record the buy back of the 1,000 shares of common stock? McClendon Corporation uses the cost method of accounting for treasury stock.