On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the treasury ata share. On September 1, it sells 210 shares of the treasury stock for cash at $13 per share. Journalize the two treasury stock transactions. (List all debit entrles before credlt entrles. Record Journal entrles 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
On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the treasury ata share. On September 1, it sells 210 shares of the treasury stock for cash at $13 per share. Journalize the two treasury stock transactions. (List all debit entrles before credlt entrles. Record Journal entrles 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
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 11EA: Nutritious Pet Food Companys board of directors declares a cash dividend of $1.00 per common share...
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![On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the treasury at a cash price of $10 per
share. On September 1, it sells 210 shares of the treasury stock for cash at $13 per share.
Journalize the two treasury stock transactions. (List all debit entrles before credlt entrles. Record Journal entrles In the order presented in the
problem. Credit account titles are automatically Indented when amount Is entered. Do not Indent manually.)
Debit
Credit
Date
Account Titles and Explanation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2705bc3-0736-48db-9aca-85ee0213878e%2F48bf3811-d1c4-4d6b-b3bd-e10839b5855b%2Fh4qcvn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On July 1, Blue Spruce Corporation purchases 460 shares of its $5 par value common stock for the treasury at a cash price of $10 per
share. On September 1, it sells 210 shares of the treasury stock for cash at $13 per share.
Journalize the two treasury stock transactions. (List all debit entrles before credlt entrles. Record Journal entrles In the order presented in the
problem. Credit account titles are automatically Indented when amount Is entered. Do not Indent manually.)
Debit
Credit
Date
Account Titles and Explanation
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