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Before Indigo Corporation engages in the treasury stock transactions listed below, its general ledger reflects, among...

Before Indigo Corporation engages in the treasury stock transactions listed below, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share).

Paid-in Capital in Excess of Par—Common Stock

Common Stock

Retained Earnings

$107,700

$244,800

$75,400


Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(a) Bought 370 shares of treasury stock at $40 per share.
(b) Bought 310 shares of treasury stock at $44 per share.
(c) Sold 330 shares of treasury stock at $42 per share.
(d) Sold 100 shares of treasury stock at $38 per share.
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