a company had 1000 shares of $5 par value common stock outstanding. They entered in to the following transactions of their own stock
1. purchased 100 shares of $25 per share
2. sold 20 of those shares for $30 per share
3. sold an additional 20 shares for $18 per share
I just need to know what to debit and what to credit... we're suppose to post to t accounts... but I know that's hard to show

1. The purchase of Treasury stock is recorded at cost
Debit Treasury Stock for $2,500
Credit Cash for $2,500

2. Debit Cash for 600
Credit Treasury Stock for 500
Credit Paid-in Capital - Share repurchase for 100

3. Debit Cash for 360
Debit Paid-in Capital - Share repurchase for 100
Debit Reatained Earnings for 40
Credit Treasury Stock for 500