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A company reported the following stockholders equity on January

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A company reported the following stockholders' equity on January 1 of the current year:
Common stock, $10 par, 1,000,000 shares
authorized, 400,000 shares issued......$4,000,000
Contributed capital in excess of par, common...1,200,000
Retained earnings...1,600,000
Total stockholders' equity....$6,800,000
Prepare journal entries for the following selected transactions related to this company's stock during the current year:
May 1 Purchased 10,000 shares of treasury stock for $17 per share
May 5 Sold 4,000 shares of treasury stock for $16 per share
Oct. 12 Sold 2,000 shares of treasury stock for $18 per share

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