The stockholders' equity of Microsoft Company as of December 31, 2012, was as follows: Common stock, $1 par, authorized 275,000 shares; 240,000 shares issued and outstanding. . $ 240,000 Paid-in capital in excess of par.. 3,840,000 Retained earnings 900,000 On June 1, 2013, Microsoft reacquired 15,000 shares of its common stock at $16. The following transactions occurred in 2013 with regard to these shares: July 1 Sold 5,000 shares at $20. Aug. 1 Sold 7,000 shares at $14. Sept. 1 Retired 1,000 shares. 1. Using the cost method to account for treasury stock: (a) Prepare the journal entries to record all treasury stock transactions in 2013