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Write the journal entry for each item: 1. Ariel Inc. purchases 2,000 shares of its $50 par value common stock for $180,000 cash on June 1. It will hold the shares in the treasury until resold. 2. On November 1, the corporation sells 1,000 shares of treasury stock for cash at $100 per share. For the toolbar, Dress Al T+F10/DS ALTA