Kingbird, Inc. purchased $4,600$ shares of its $$11$ par value common stock for $$303,600$ on August $1.$ It will hold these shares in the treasury until resold. On December $1,$ the corporation sold $2,760$ shares of treasury stock for cash at $$73$ per share.

Journalize the treasury stock transactions. $($Record joumal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter ofor the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

eTextbook and Media

List of Accounts