A Company Has 10,000 Shares of $10 Par Common Stock $\$ 16$

Essay

A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following: (a) Purchased 1,500 shares of treasury stock at $\$ 16$ . The treasury stock is accounted for by the cost method. There were no previous purchases of treasury shares.
(b) Sold 1,000 shares of treasury stock at $\$ 19$ .
(c) Purchased equipment for $\$ 80,000$ , paying $\$ 25,000$ in cash and issuing 4,000 shares of common stock for the remaining.
(d) Sold 500 shares of treasury stock at $\$ 14$ .