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On July $1,$ Sheffield Corp. purchases $490$ shares of its $$5$ par value common stock for the treasury at a cash price of $$8$ per share. On September $1,$ it sells $350$ shares of the treasury stock for cash at $$13$ 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 entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter Ofor the amounts,$)$

Date

Account Titles and Explanation

Debit

Credit

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

$$

eTextbook and Media

List of Accounts

Attempts: $0$ of $3$ used $$