On July 1, Skysong. Inc, purchases 680 shares of its $5 par value common stock...
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Accounting
On July 1, Skysong. Inc, purchases 680 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. On September 1 , it sells 380 shares of the treasury stock for cash at $14 per share. Journaize the two treasury stock transactions. (Record joumal entries in the order presented in the problem. Credit occount titles are automaticaily indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts
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