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Blue Spruce Corporation purchased from its stockholders 4.100 shares of its own previously issued stock for $209,100. it later revold 1640 shares for $54 per
Blue Spruce Corporation purchased from its stockholders 4.100 shares of its own previously issued stock for $209,100. it later revold 1640 shares for $54 per share then 1.640 more shares for 549 per share, and finally 820 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) Account Titles and Explanation Debit Credit (To record purchase from stockholders.) (To record sales of shares at 554 per share To records of shares at 549 per share
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