On July 1, Sheffield Corporation purchases 620 shares of its $5 par value common stock for the treasury at a cash price of $8 per share. On September 1, it sells 370 shares of the treasury stock for cash at $13 per share.
Journalize the two treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date July 1Sept. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Sept. 1	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Answer rating: 100% (QA)

Date Account Dr Cr Treasury Stock 6208 4960 Cash ... View the full answer