Part $1$ of $2$

Pointst $0,12$

$7.$ On January $3,$ Halsall Corporation purchased $2,000$ shares of the company's $$2$ par value common stock as treasury stock, paying cash of $$8$ per share. On January $30,$ Halsall sold $1,200$ shares of the treasury stock for cash of $$10$ per share. Journalize these transactions. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Journalize the purchase of the treasury stock.

$\backslash$table$[[$Date$,$Accounts and Explanation,Debit,Credit$],[$Jan$.3],[,,,],[,,,],[,,1,],[,,,]]$