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6. Paul Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $250,000. It later resold 2,000 shares for $54 per

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6. Paul Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $250,000. It later resold 2,000 shares for $54 per share, and then sold 2,000 more shares for $49 per share, and finally 1,000 shares for $40 per share. (no date required) Instructions: Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. othis necourt Date Credit Debit Account Name Pi Pre

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