Wonder Ltd. has treasury stock transactions in 20X9 as follows:

a.		Feb. 27		Purchased 140,000 common shares as treasury stock at $6.50 per share.
b.		March 15		Purchased 64,000 common shares as treasury stock for $5.50 per share.
c.		April 30		Reissued 100,000 shares of treasury stock for $4.25 per share.
d.		May 16		Purchased 54,000 common shares as treasury stock for $6.05 per share.
e.		Nov. 26		Reissued 268,000 shares of treasury stock for $4 per share.

At the end of 20X8, Wonder Limited had reported the following in shareholders equity:

Common shares, no-par value; authorized, unlimited shares; issued, 5,800,000 shares, outstanding, 5,500,000 shares	$ 21,117,000
Contributed capital on treasury stock transactions	133,600
Retained earnings	14,840,000
Treasury stock, 300,000 common shares	(1,260,000)

Required: 1. Prepare journal entries for the treasury stock transactions.

2. Calculate the balances in the equity accounts, after the effects of the transactions in requirement 1