On April 2 a corporation purchased for cash 7,000 shares of its own $14 par common stock at $27 a share. It sold 4,000 of the treasury shares at $30 a share on June 10. The remaining 3000 shares were sold on November 10 for $23 a 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.

Jun. 10
Nov. 10