On April $2,$ a corporation purchased for cash $5,000$ shares of its own $$10$ par common stock at $$16$ per share. It sold $3,000$ of the treasury shares at $$19$ per share on June $10.$ The remaining $2,000$ shares were sold on November $10$ for $$12$ per share.

Question Content Area

a$.$ Journalize the entry for the purchase $($treasury stock is recorded at cost$).$ If an amount

April $2$

Treasury stock $($debit$)?$

Cash $($credit$)?$

b$.$ Journalize the entries for the sale of the stock. If an amount box does not require an entry, leave it blank.box does not require an entry, leave it blank.

June $10$

Cash $($debit$)?$

Treasury Stock $($credit$)?$

Paid in capital from sale of treasury stock $($credit$)9000$

November $10$

Cash $($debit$)?$

Paid in capital from sale of treasury stock $($debit$)8000$

Treasury stock $($credit$)?$