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Sanchez and Santos had the following transactions during the past year involving the purchase and sale of treasury stock uly 14 Purchased 4,000 shares of

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Sanchez and Santos had the following transactions during the past year involving the purchase and sale of treasury stock uly 14 Purchased 4,000 shares of its own $12 par common stock for $15 per share. 7 Sold 2,000 shares of the treasury stock for $17 per share. 29 Sold 2,000 shares of the treasury stock for $13 per share. Required: Prepare the journal entries for the transactions. If an amount box does not require an entry, leave it blank. Page: POST REF DATE DEBIT CREDIT Stock 1 Jul. 14 60,000 2 Cash 0 60.0002 K4l. 17 Cash 34,000 Common Treasury Stock Paid-In Capital from Sale of Treasury Stock 26,000 8 Jul. 29 Cash Paid-In Capital from Sale of Treasury Stock Common Treasury Stock of x 10 10 Check My Work Previous Next Check My Work Save and Exit Submit Assignment for All work saved

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