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Brief Exercise 11-5 Your answer is partially correct. Try again On July 1, Coronado Industries purchases 490 of its HK$32 par value ordinary shares for the treasury at a cash price of HK$93 per share. On September i, it sells 320 treasury shares for cash at HKS94 per share. ournalize the two treasury share transactions(Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Treasury Shares 48020 Cash 48020 Sept. 1 !Cash Treasury Shares Share Premium-Treasury