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On May 1, Carla Vista Corporation purchased 3,300 shares of its $10 par value common stock at a cash price of $14/share. On July 15

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On May 1, Carla Vista Corporation purchased 3,300 shares of its $10 par value common stock at a cash price of $14/share. On July 15 , 850 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 automatically indented when the amount is entered. Do not indent manuoliy. Record journal entries in the order presented in the problem.)

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