On July 1, Raney Corporation purchases 530 shares of its $7 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 260 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 0 for the amounts.)