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

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

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