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On May 1, Teal Mountain Corporation purchased 3,300 shares of its $10 par value common stock at a cash price of $13/share. On July 15,

On May 1, Teal Mountain Corporation purchased 3,300 shares of its $10 par value common stock at a cash price of $13/share. On July 15, 1,000 shares of the treasury stock were sold for cash at $18/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 manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit

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