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Saved Elroy Corporation repurchased 3,000 shares of its own stock for $60 per share. The stock has a par of $20 per share. A month

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Saved Elroy Corporation repurchased 3,000 shares of its own stock for $60 per share. The stock has a par of $20 per share. A month later Elroy resold 750 shares of the treasury stock for $68 per share. Required a. Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the repurchase of own stock Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal Elroy Corporation repurchased 3,000 shares of its own stock for $60 per share. The stock has a par of $20 per share. A month later, Elroy resold 750 shares of the treasury stock for $68 per share Required a. Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) ed view transaction ist Journal entry worksheet int Record the sale of repurchased stock nces Note: Enter debits before credits Event General Journal Debit Record entry Clear entry View general journal Prexs of 9 ENext>

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