a corporation purchased for cash 4,000 of its own $10 par common stock at $28 a share, in the following year it sood 1,599 of the treasury shares at $33 a share for cash

QUESTION 26 A corporation purchased for cash 4,000 shares of its own $10 par common stock at $28 a share. In the following year, it sold 1,500 of the treasury shares at $33 a share for cash (a) Journalize the entries to record the purchase (treasury stock is recorded at cost). (b) Journalize the entries to record the sale of the treasury stock T T T Arial 3 (12) T Path Words:0