3) On July 1, Kingbird Inc. purchases 470 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 1 Treasury Stock Cash Debit 4230 Credit

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On July 1, Kingbird Inc. purchases 470 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 1 Treasury Stock Cash Debit 4230 Credit On July 1, Kingbird Inc. purchases 470 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. Journalize the treasury stock transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 1 Treasury Stock Cash Debit 4230 Credit