Your answer is partially correct. On July 1, Skysong, Inc. purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $10 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manual If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Treasury Stock 3300 Cash 2700 e Textbook and Media List of Accounts