On May 1, Whispering Winds Corporation purchased 2.600 shares of its $10 par value common stock at a cash price of $13/share. On July 15, 700 shares of the treasury stock were sold for cash at $18/share. Journalize the two transactions. (List all debit entries before credit entries Credit account tities are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. V Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 4 used Submit Answer
On May 1, Whispering Winds Corporation purchased 2.600 shares of its $10 par value common stock at a cash price of $13/share. On July 15, 700 shares of the treasury stock were sold for cash at $18/share. Journalize the two transactions. (List all debit entries before credit entries Credit account tities are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. V Save for Later Account Titles and Explanation Debit Credit Attempts: 0 of 4 used Submit Answer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On May 1, Whispering Winds Corporation purchased 2,600 shares of its $10 par value
July 15, 700 shares of the treasury stock were sold for cash at $18/share.
Journalize the two transactions. (List all debit entries before credit entries Credit account titles are aut
is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
No.
Save for Later
Account Titles and Explanation
Debit
a cash price of $13/share. On
indented when the amount
Credit
Attempts: 0 of 4 used Submit Answer
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