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Elroy Corporation repurchased 2,800 shares of its own stock for $35 per share. The stock has a par of $5 per share. A month
Elroy Corporation repurchased 2,800 shares of its own stock for $35 per share. The stock has a par of $5 per share. A month later, Elroy resold 700 shares of the treasury stock for $43 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. Required A Required B 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.) View transaction list Journal entry worksheet Elroy Corporation repurchased 2,800 shares of its own stock for $35 per share. Record the transaction. Note: Enter debits before credits. Event General Journal Debit Credit View transaction list Journal entry worksheet < A B Elroy Corporation repurchased 2,800 shares of its own stock for $35 per share. Record the transaction. Note: Enter debits before credits. Event 1 General Journal Debit Credit Clear entry Record entry View general journal Required A Required B > Elroy Corporation repurchased 2,800 shares of its own stock for $35 per share. The stock has a Elroy resold 700 shares of the treasury stock for $43 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. Required A Required B What is the balance of the treasury stock account after these transactions? Balance of treasury stock < Required A Required B
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