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On September 5, Bete Gas Corporation acquired 2,500 shares of its own $1 par common stock for $23 per share. On October 15 1,000 shares

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On September 5, Bete Gas Corporation acquired 2,500 shares of its own $1 par common stock for $23 per share. On October 15 1,000 shares of the treasury stock are sold for $25 per share. Journalize the purchase and sale of the treasury stock assuming that the company uses the cost method. (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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