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Bramble Corporation purchased from its stockholders 5,400 shares of its own previously issued stock for $270,000. It later resold 1,725 shares for 53 per share,
Bramble Corporation purchased from its stockholders 5,400 shares of its own previously issued stock for $270,000. It later resold 1,725 shares for 53 per share, then 1,725 more shares for $48 per share, and finally 1,950 shares for $42 per 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.) Account Titles and Explanation Debit Credit (To record purchase from stockholders.) To record sales of shares at $53 per share. (To record sales of shares at S48 per share.) (To record sale of shares at $42 per share.) SHOW LIST OF ACCOUNTS
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