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Elroy Corporation repurchased 2,000 shares of its own stock for $45 per share. The stock has a par of $5 per share. A month later,

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Elroy Corporation repurchased 2,000 shares of its own stock for $45 per share. The stock has a par of $5 per share. A month later, Elroy resold 500 shares of the treasury stock for $53 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. What is the balance of the treasury stock account after these transactions

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