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Cheyenne Corp, purchased 1,700 shares of its $10 par value common stock for $64,600 on August 1. It will hold these in the treasury until

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Cheyenne Corp, purchased 1,700 shares of its $10 par value common stock for $64,600 on August 1. It will hold these in the treasury until resold. Journalize the treasury stock transaction. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Credit Aug. 1 Debit

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