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Current Attempt in Progress On July 1 , Cullumber Company purchases 4 5 0 shares of its $ 5 par value common stock for the
Current Attempt in Progress
On July Cullumber Company purchases shares of its $ par value common stock for the treasury at a cash price of $ per share. On September it sells shares of the treasury stock for cash at $ per share.
Journalize the two treasury stock transactions. Record journal entries in the order presented in the problem. 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.
tableDateAccount Titles and Explanation,Debit,CreditJuly TreasuryStock,,Cash,,Cash,,Treasury Stock,,
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