Casey, Inc. has 10,000 shares of $10 par value common stock outstanding. Prepare journal entries to record the following:
a) Casey purchased 1,000 shares of treasury stock at $11.
b) Casey sold 500 shares of treasury stock at $15.
c) Casey purchased equipment for $75,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the equipment.
d) Casey sold 500 shares of treasury stock at $11.