A company’s stockholders' equity at January 1, 2014 is as follows:

Common stock, $10 par value; authorized 300,000 shares;

      Outstanding 225,000 shares                                                                         $2,250,000

Paid-in capital in excess of par                                                                                600,000

Retained earnings                                                                                             2,190,000

            Total                                                                                                 $5,040,000

During 2014, the company had the following stock transactions:

a) Acquired 6,000 shares of its stock for $270,000.

b) Sold 3,600 treasury shares at $50 a share.

c) Sold the remaining treasury shares at $41 per share.

The company uses the cost method to record treasury stock transactions.

Use the T-account template provided.

Document the balances in each account listed above.

Prepare the entries to record the stock transactions indicated above