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Parker Corporation was organized on January 1, 2018 and was authorized to issue 600,000 shares of...

Parker Corporation was organized on January 1, 2018 and was authorized to issue 600,000 shares of common stock with a par value of $6 per share. During 2018, the corporation had the following capital transactions:

January 5               Issued 600,000 shares for $10 per share

July 28                   Purchased back 80,000 shares for $11 per share

September 10       Sold 50,000 shares held as treasury for $18 per share

December 15        Sold the remaining 30,000 shares for $9 per share

Required: Record all the transactions above as journal entries for Parker Corporation.

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