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Ayayal Corporation purchased from its stockholders 6,000 shares of its own previously issued stock for $306,000. It later resold 2,400 shares for $54 per share,

Ayayal Corporation purchased from its stockholders 6,000 shares of its own previously issued stock for $306,000. It later resold 2,400 shares for $54 per share, then 2,400 more shares for $49 per share, and finally 1,200 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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