Question: Could someone help me solve these two problems with shown work, thank you! Elroy Corporation repurchased 1,400 shares of its own stock for $50 per

Could someone help me solve these two problems with shown work, thank you!
Could someone help me solve these two problems with shown work, thank
you! Elroy Corporation repurchased 1,400 shares of its own stock for $50

Elroy Corporation repurchased 1,400 shares of its own stock for $50 per share. The stock has a par of $10 per share. A month later, Elroy resold 350 shares of the treasury stock for $58 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Elroy Corporation repurchased 1,400 shares of its own stock for $50 per share. The stock has a par of $10 per share. A month later, Elroy resold 350 shares of the treasury stock for $58 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. What is the balance of the treasury stock account after these transactions

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