On July 1, Pharoah Company purchases 590 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 350 shares of the treasury stock for cash at $13 per share. Journalize the two treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

On July 1, Pharoah Company purchases 590 shares of its $5 par valie common stock for the treasury at a cash price of $9 per share On'eptember 1 , it sells 350 shares of the treasury stock for cashat $13 per share. Joumalize the two treasury stock transactions. (Record joumel entries in the order presented in the problem Credit account titles are automotically indented when amount is entered Do not indent manualix . If no entry is required, seiect "No Entry" for the account titles and enter O for the amounts)