Prepare journal entries for the following assuming that there was:

Common stock, $10 par, 10.000 shares outstanding $100.000

APaid-In Capital - Common $100,000

Retained Earnings $400,000

1-Jan Purchased 1,300 shares of the corporation's own stock for $40 Temporary

20-Jan Reissued 500 shares of the stock purchased on the first for $42 Temporary

31-Jan Reissued 500 shares of the stock purchased on the first for $39 Temporary

20-