Assignment Accounting 102

Rinehart Corporation purchased from its stockholders6,000shares of its own previously issued stock for $306,000. It later resold1,975shares for $54per share, then1,975more shares for $49per share, and finally2,050shares for $43per share.

Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)