TR$14-5$ Treasury Stock $($LO $14-5)$

At the end of $20$X$8,$ Minnow Reserves Corp. reported the following in shareholders$$ equity:

Preferred shares, no$-$par value; authorized, unlimited shares; issued, $30,000$ shares $ $600,000$

Common shares, no$-$par value; authorized, unlimited shares; issued, $1,000,000$ shares, outstanding, $950,000$ shares $2,000,000$

Contributed capital on treasury stock transactions $12,000$

Retained earnings $2,000,000$

Treasury stock, $30,000$ common shares $(360,000)$

The company had treasury stock transactions in the following sequence during $20$X$9$:

Purchased $60,000$ common shares as treasury stock at $$6$ per share.

Reissued $36,000$ treasury shares at $$10$ per share.

Reissued $30,000$ treasury shares at $$3$ per share.

Required:

$1.$ Prepare journal entries for the treasury stock transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$