On May 1, Hite Corporation purchased 2,000 shares of its $10 par value common stock at a cash price of $13/share. On July 15,900 shares of the treasury stock were sold for cash at $15/share.
Instructions
Journalize the two transactions.

Question

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The Answer of On May 1, Hite Corporation purchased 2,000 shares of its $10 par value common stock at a cash price of $13/share. On July 15,900 shares of the treasury stock were sold for cash at $15/share.
Instructions
Journalize the two transactions.

On May 1, Hite Corporation Purchased 2,000 Shares of Its