PROBLEMV

A company has $10,000$ shares of $$10$ par common stock outstanding. Present entries to

record the following:

$($a$)$ Purchased $1,000$ shares of treasury stock at $$13.$ The treasury stock is accounted for

by the cost method.

$($b$)$ Sold $500$ shares of treasury stock at $$15.$

$($c$)$ Purchased equipment for $$75,000,$ paying $$25,000$ in cash and issuing $4,000$ shares of

common stock for the equipment.

$($d$)$ Sold $500$ shares of treasury stock at $$11.$