On April 2 a corporation purchased for cash 5,000 shares of its own $12 par common stock at $29 per share. It sold 3,000 of the treasury shares at $32 per share on June 10. The remaining 2000 shares were sold on November 10 for $25 per share.

a. Journalize the entries to record the purchase (treasury stock is recorded at cost).

Apr. 2

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

Jun. 10
Nov. 10