Elroy Corporation repurchased 2,200 shares of its own stock for $25 per share. The stock has a par of $15 per share. A month later Elroy resold 550 shares of the treasury stock for $33 per share.

Required

a.

Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

b.	What is the balance of the treasury stock account after these transactions?