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On September 5. Blue Spruce Corporation acquired 3,300 shares of its own $1 par common stock for $22 per share. On October 15. 1,600 shares

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On September 5. Blue Spruce Corporation acquired 3,300 shares of its own $1 par common stock for $22 per share. On October 15. 1,600 shares of the treasury stock are sold for $26 per share. Journalize the purchase and sale of the treasury stock assuming that the company uses the cost method. (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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