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On May 1, Blue Spruce Corporation purchased 2,500 shares of its $10 par value common stock at a cash price of $12/ share. On July

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On May 1, Blue Spruce Corporation purchased 2,500 shares of its $10 par value common stock at a cash price of $12/ share. On July 15,800 shares of the treasury stock were sold for cash at $17/ share. Journalize the two transactions. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit

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