Instruction On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $27 a share. It sold 4,000 of the treasury shares at $30 a share on June 10. The remaining (a) Journalize the entries to record the purchase treasury stock is recorded at cost). (b) Journalize the entries to record the sale of the stock. "Refer to the Chart of Accounts for exact wording of account titles