On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $29 per share. It sold 4,000 of the treasury shares at $32 per share on June 10. The remaining 3,000 shares were sold on November 10 for $25 per share. a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank.

a.

Apr. 2
Accounts PayableCashCommon StockPaid-In Capital from Sale of Treasury StockTreasury Stock
- Select - - Select -

Accounts PayableCashCommon StockPaid-In Capital from Sale of Treasury StockTreasury Stock
- Select - - Select -

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

June 10
CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockTreasury Stock
- Select - - Select -

CashCommon StockPreferred StockRetained EarningsTreasury Stock
- Select - - Select -

CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred Stock
- Select - - Select -

Nov. 10
Accounts PayableCashCommon StockPreferred StockTreasury Stock
- Select - - Select -

Common StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred StockTreasury Stock
- Select - - Select -

CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockTreasury Stock
- Select -

Question

On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $29 per share. It sold 4,000 of the treasury shares at $32 per share on June 10. The remaining 3,000 shares were sold on November 10 for $25 per share. a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank.

a.

Apr. 2	Accounts PayableCashCommon StockPaid-In Capital from Sale of Treasury StockTreasury Stock	- Select -	- Select -
	Accounts PayableCashCommon StockPaid-In Capital from Sale of Treasury StockTreasury Stock	- Select -	- Select -

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

June 10	CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockTreasury Stock	- Select -	- Select -
	CashCommon StockPreferred StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred Stock	- Select -	- Select -
Nov. 10	Accounts PayableCashCommon StockPreferred StockTreasury Stock	- Select -	- Select -
	Common StockPaid-In Capital from Sale of Treasury StockPaid-In Capital in Excess of Par-Common StockPreferred StockTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockPreferred StockTreasury Stock	- Select -

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Question

On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $29 per share. It sold 4,000 of

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