Question Help 7. On January 3, Tallow Corporation purchased 2,350 shares of the company's $2 par value common stock as treasury stock, paying cash of $8 per share. On January 30, Tallow sold 1,400 shares of the treasury stock fom $10 per share. Joumalize 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. Date Accounts and Explanation Debit Credit Jan. 3 Journalize the sale of treasury stock shares. Date Accounts and Explanation Debit Credit Jan. 30 E da ne Date Accounts and Explanation Debit Credit Jan. 3 Journalize the sale of treasury stock shares. Date Accounts and Explanation Debit Credit Jan. 30 Choose from any list or enter any number in the input fields and then continue to the next