Record following stock transactions of Smith Corporation, which represent all its treasury stock transactions for the year: 1. June 1 Purchased 2,000 shares of its own $15 par value common stock for $35 per share, the current market price. 2. 10 Sold 500 shares of treasury stock purchased on June 1 for $40 per share. 3. 20 Sold 700 shares of treasury stock purchased on June 1 for $29 per share. 4. 30 Retired the remaining shares purchased on June 1. The original issue price was $21 per share. 5. Prepare the entries in General Journal accounts, as necessary, for each date.