On April 2 a corporation purchased for cash 5,000 shares of its own $15 par common stock at $26 per share. It sold 3,000 of the treasur shares at $29 per share on June 10. The remaining 2000 shares were sold on November 10 for $22 per share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). Apr. 2 Treasury Stock 130,000 Cash 130,000 b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank. 87,000 Jun. 10 Cash 78,000 Treasury Stock Paid-In Capital from Sale of Treasury Stock 9,000 44,000 Nov. 10 Cash 8,000 Paid-In Capital from Sale of Treasury Stock Treasury Stock 52,000 On February 12, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 2 Lucas paid a dividend per share of $0.42. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry to record the purchase would include a a. credit to Cash for $132,000 b. debit to Investments-Lucas Company Stock for $132,000 c. credit to Investments-Lucas Company Stock for $240 d. debit to Investments-Lucas Company Stock for $132,240 Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Corporation reported a $11,100 net loss. Zach Company's entry would include a a. credit to cash for $4,995 b. debit to the investment account for $4,995 c. credit to the investment account for $4,995 d. credit to a loss account for $4,995