On

JanuaryJanuary

3,

PuritanPuritan

Corporation purchased

2 comma 3002,300

shares of the company's

$33

par value common stock as treasury stock, paying cash of

$ 13$13

per share. On

JanuaryJanuary

30,

PuritanPuritan

sold

1 comma 3501,350

shares of the treasury stock for cash of

$ 16$16

per share. Journalize these transactions.

Save Homework: Chapter 13 homework Score: 0 of 1 pt T113-3 (similar to) 2 of 10 (1 complete) HW Score: 7.14%, 0.86 of 12 pts Question Help 7. On January 3, Puritan Corporation purchased 2,300 shares of the company's $3 par value common stock as treasury stock, paying cash of $13 per share. On January 30, Puritan sold 1,350 shares of the treasury stock for cash of $16 per share. Journalize these transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journalize the purchase of the treasury stock. Date Accounts and Explanation Debit Credit Jan. 3 Treasury Stock-Common Cash Purchased treasury stock