On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $29 a share. They sold 4,000 of the treasury shares at $32 a share on June 15. The remaining 3,000 shares were sold on November 10 for $25 a share.

a. Journalize the entries to record the purchase (treasury stock is recorded at cost).

b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank or enter "0".