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. (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?