Elroy Corporation repurchased $4,000$ shares of its own stock for $$30$ per share. The stock has a par of $$10$ per share: A month later, Elroy resold $900$ shares of the treasury stock for $$32$ 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

Requireqh $B$

Required B