Prepare journal entries for the following transactions (use the cost method for re-issuance):

1. On 1/1/2016, company EXO issued 20,000 common shares, each having a par value of $1 at $10 per share.

2. On 7/1/2016, EXO repurchased 5,000 shares of common stock at $8 per share.

3. On 10/1/2016, EXO re-issued 1,000 shares of the treasury stock repurchased on 7/1 for $10 per share.

4. On 11/1/2016, EXO re-issued another 2,000 shares of the treasury stock repurchased on 7/1 for $7.5 per share. 5. On 12/1/2016, EXO re-issued another 1,000 shares of the treasury stock repurchased on 7/1 for $7 per share.