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Patel Corporation had issued 100,000 shares of its $1 par common stock for $10 several months ago. In 2021, Patel Corporation completed the following treasury

Patel Corporation had issued 100,000 shares of its $1 par common stock for $10 several months ago. In 2021, Patel Corporation completed the following treasury stock transactions: March 15 Reacquired 60,000 shares at $13. April 24 Sold 25,000 shares at $14. May 20 Sold 30,000 shares at $11. Required: Prepare the journal entries to record the above transactions, using the cost method.

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