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on January 3, Puritan Corporation purchased 2,150 shares of the company's $11 par value common stock as treasury stock, paying cash of $7 per share. On January 30, Puritan sold 1,250 shares of the treasury stock for cash of $18 per share. Journalize these transactions.

7. On January 3, Purtan Corporation purchased 2,150 shares of the compamy's $11 par value common slock as treasury st these transactions. (Record debils first, then credits. Select the explanation on the last line of the joumal entry table.) 7. On January 3, Purtian Corporation purchased 2,150 shares of the company the last line of the joumal entry table.) these transactons. (Record debilts first, then credits. Select the explan