On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $20 a share. It sold 4,000 of the treasury shares at $32 a share on June 10. The remaining 3,000 shares were sold on November 10 for $25 a share. Required: (a) Joumalize the entries to record the purchase (Treasury stock is recorded at cost), (b) Journalize the entries to record the sale of the stock *Refer to the Chart of Accounts for exact wording of account titles NOURNAL DESCRIPTION POST. REF. CREDIT DATE Apr.2 Treasury Stock DEBIT 203,000.00 1 2 Cash 203,000.00 (b) Journalize the entries to record the sale of the stock on June 10 and Nov 10. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL POST. REF DEBIT CREDIT 128,000.00 2 DATE DESCRIPTION Jun. 10 Cash 1 Treasury Stock Paid-In Capital in Excess of Par-Common Stock Nov. 10 Cash 116,000.00 12,000.00 75,000.00 5 Pald-In Capital from Sale of Treasury Stock 12,000.00 Treasury Stock