On April 2 a corporation purchased for cash 6,000 shares of its own $14 par common stock at $27 per share. It sold 4,000 of the treasury shares at $30 per share on June 10. The remaining 2000 shares were sold on November 10 for $23 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.