On April 2 a corporation purchased for cash 5,000 shares of its own $13 par common stock at $28 per share It sold 3,000 of the treasury shares at $31 per share on June 10 The remaining 2,000 shares were sold on November 10 for $24 per share a Journalize the entries for the purchase (treasury stock is recorded at cost) If an amount box does not require an entry, leave it blank Apr 2 Accounts PayableCashCommon StockPaid In Capital from Sale of Treasury StockTreasury Stock Select Select Accounts PayableCashCommon StockPaid In Capital from Sale of Treasury StockTreasury Stock Select Select b Journalize the entries for the sale of the stock If an amount box does not require an entry, leave it blank June 10 CashCommon StockPaid In Capital from Sale of Treasury StockPreferred StockTreasury Stock Select Select CashCommon StockPreferred StockRetained EarningsTreasury Stock Select Select CashCommon StockPaid In Capital from Sale of Treasury StockPaid In Capital in Excess of Par Common StockPreferred Stock Select Select Nov 10 Accounts PayableCashCommon StockPreferred StockTreasury Stock Select Select Common StockPaid In Capital from Sale of Treasury StockPaid In Capital in Excess of Par Common StockPreferred StockTreasury Stock Select Select CashCommon StockPaid In Capital from Sale of Treasury StockPreferred StockTreasury Stock Select Select

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On April 2 a corporation purchased for cash 5,000 shares of its own $13 par common stock at $28 per share. It sold 3,000 of

On April 2 a corporation purchased for cash 5,000 shares of its own $13 par common stock at $28 per share. It sold 3,000 of the treasury shares at $31 per share on June 10. The remaining 2,000 shares were sold on November 10 for $24 per share.

a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank.

Apr. 2	Accounts PayableCashCommon StockPaid-In Capital from Sale of Treasury StockTreasury Stock	- Select -	- Select -
	Accounts PayableCashCommon StockPaid-In Capital from Sale of Treasury StockTreasury Stock	- Select -	- Select -

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

June 10	CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockTreasury Stock	- Select -	- Select -
	CashCommon StockPreferred StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred Stock	- Select -	- Select -
Nov. 10	Accounts PayableCashCommon StockPreferred StockTreasury Stock	- Select -	- Select -
	Common StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred StockTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockTreasury Stock	- Select -	- Select -