Prepare entries in journal form without explanations to record the following transactions involving Dailey Corporation's $5 par value common stock:

Apr. 1 Purchased 500 shares of its own common stock for $12, the current market price. This is the first transaction involving its own stock engaged in by the company.

May 1 Sold 100 of the shares purchased on April 1 for $15.

June 1 Retired 100 of the shares purchased on April 1. The original issue price was $8.

July 1 Sold 200 of the shares purchased on April 1 for $10.