Question: Write the journal entry for each item: 1. Ariel Inc. purchases 2,000 shares of its $50 par value common stock for $180,000 cash on June

Write the journal entry for each item: 1. Ariel Inc. purchases 2,000 shares of its $50 par value common stock for $180,000 cash on June 1. It will hold the shares in the treasury until resold. 2. On November 1, the corporation sells 1,000 shares of treasury stock for cash at $100 per share. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS P - V Paragraph Arial T 10pt * H Ev AV

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