CALCULATOR PULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 13-07 On July 1, Culver Corporation purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $10 per share on September 1, it sells 250 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount entered. Do not indent manually) Brief Exercise 13-07 Your answer is correct. On July 1, Culver Corporation purchases 500 shares of its $5 par value common stock for the treasury at a cash price of $10 per share. On September 1, it sells 250 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is Date Account Titles and Explanation Debit Credit uly 1 Treasury Stock 5000 Cash 5000 Sept. 1 Cash 3000 Treasury Stock 2500 Paid-in Capital from Treasury Stock 500 Click if you would like to Show Work for this question: Open Show Work