Question: Current Attempt in Progress On July 1 , Kingbird Inc. purchases 4 7 0 shares of its $ 5 par value common stock for the

Current Attempt in Progress On July 1, Kingbird Inc. purchases 470

Current Attempt in Progress

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.

)

shares of its $5 par value common stock for the treasury at

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