On April 2 a corporation purchased for cash 7,000 shares of its own $10 par common stock at $28 a share. It sold 4,000 of the treasury shares at $31 a share on June 10. The remaining 3,000 shares were sold on November 10 for $24 a share. Required: 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. "Refer to the Chart of Accounts for exact wording of account titles. Instruction Chart Of Accounts General Journal Instruction General Journal a. Journalize the entries to record the purchase (treasury stock is recorded at cost) on April 2. Refer to the Chart of Accounts for exact wording o JOURNAL ACC DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS 1 2 Previous Next