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Sanchez and Santos had the following transactions during the past year involving the purchase and sale of treasury stock. July 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. July 14 Purchased 4,000 shares of its own $12 par common stock for $15 per share. 17 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 DATE DESCRIPTION DEBIT CREDIT REF. 1 Jul. 14 1 2 2 3 Jul. 17 4 4 5 6 000 Jul. 29 8 9 9 10 10

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