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Current Attempt in Progress Flint Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $254,800. It later resold 1,825 shares

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Current Attempt in Progress Flint Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $254,800. It later resold 1,825 shares for $52 per share, then 1,825 more shares for $47 per share, and finally 1,550 shares for $41 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 Tities and Explanation Debit Credit Treasury Stock 254,800 Cash 254,800 (To record purchase from stockholders.) Cash Treasury Stock Pald-in Capital from Treasury Stock (To record sales of shares at $52 per share Debit Credit Account Titles and Explanation Treasury Stock 254,800 Cash 254 800 (To record purchase from stockholders.) Cash Treasury Stock Paid-in Capital from Treasury Stock (To record sales of shares at $52 per share.) Cash Paid-in Capital from Treasury Stock Treasury Stock Paid-in Capital from Treasury Stock (To record sales of shares at $52 per share.) Cash Paid-in Capital from Treasury Stock Treasury Stock (To record sales of shares at $47 per share.) Cash Pald-in Capital from Treasury Stock Retained Earnings Treasury Stock (To record sale of shares at $41 per share.)

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