Kagel Corporation Had 30,000 Shares of $5 Par Value Common $\$ 16$

Essay

Kagel Corporation had 30,000 shares of $5 par value common stock issued and outstanding on December 31,2009.Each share was issued during 2007 at $14 per share.Prepare the entries in journal form without explanations for the following transactions occurring in 2010:
Jan. 4 Purchased 5,000 shares of treasury stock for $\$ 16$ per share. This is the first transaction involving its own stock ever engaged in by the company.
31 Sold 1,000 shares of treasury stock for \$15 per share.

Feb. 20 Sold 1,000 shares of treasury stock for $\$ 18$ per share.
Mar. 16 Sold 1,000 shares of treasury stock for $\$ 11$ per share.
Apr. 5 Retired 2,000 shares of treasury stock.
May 8 Purchased 500 shares of treasury stock for $\$ 12$ per share.
31 Retired the 500 shares of treasury stock purchased on May 8 .