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ALL ENTRIES ARE FOR BLUESTAR AIRLINES On March 7th, 2024 BlueStar Airlines purchased from its stockholders 8,000 shares of its own previously issued stock for

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ALL ENTRIES ARE FOR BLUESTAR AIRLINES On March 7th, 2024 BlueStar Airlines purchased from its stockholders 8,000 shares of its own previously issued stock for $120,000. On July 22nd, 2024 BlueStar resold 5,000 shares of the 8,000 buyback) for $16.50 per share. A) On October 13th 2024, BlueStar Airlines resold the remaining 3,000 shares for $12 per share (of the original 8,000 shares repurchased). DO a Journal Entry ONLY for this transaction. Use the table below. Account DEBIT/CREDIT Amount Cash [ Select] V Select] [Select 1 [ Select > Treasury Stock Paid-in Capital Treasury Stock Select) [ Select > Retained Earnings Select) [ Select

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