use the following information for the next two questions: Daffodil repurchased 100 shares of its $40 par value common stock on June 1, 2011, for $50 per share. On August 5, 2011, it reissued 50 of these shares af $52 per share.

1.) At what amount would the treasury stock be recorded on June 1, 2011?

2.) What would be the credit to the treasury stock account for August 5, 2011, entry?