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Knowledge Check 02 prior to June 1, Sandier company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100

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Knowledge Check 02 prior to June 1, Sandier company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1, the company sold remaining 50 shares at $46 per share. Complete the journal entry for the sale of the treasury stock on July 1 by selecting the account names dollar amounts from the drop-down menus

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