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Calculator Chart Of Accounts Instruction General Journal Instruction On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock

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Calculator Chart Of Accounts Instruction General Journal Instruction On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock at $28 per share. It sold 4,000 of the treasury shares at $31 per share on June 10. The remaining 3,000 shares were sold on November 10 for $24 per share. Required: (a) Journalize the entries to record the purchase (treasury stock is recorded at cost). (b) Journalize the entries to record the sale of the stock Refer to the Chart of Accounts for exact wording of account titles

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