Prepare Entries to Record the Transactions for Maine Corp $\$ 10$

Essay

Prepare entries to record the transactions for Maine Corp.: (a) Issued 2,000 shares of $\$ 10$ par common stock at $\$ 72$ for cash.
(b) Issued 2,500 shares of common stock in exchange for land with a fair market price of $\$ 130,000$ .
(c) Purchased 400 shares of treasury stock at $\$ 70$ .
(d) Sold the 400 shares of treasury stock purchased in (c) at $\$ 76$ .