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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
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 DESCRIPTION DATE DEBIT CREDIT REF. 1 Jul. 14 1 2 2 3 3 4 Jul. 17 4 5 5 6 6 7 7 8 Jul. 29 8 9 9 10 10
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