Exercise 11-5 later resold 1,700 shares for ss3 per share, Rinehart Corporation purchased from its stockholders 5,700 shares of its own previously issued stock for s28s,ooo. It then 1,700 more shares for $48 per share, and finally 2,300 shares for $42 per share. stock. titles are automatically indented when amount Prepare journal entries for the purchase of the treasury stock and the three sales of treasury (credit account o for the amounts.) entered. Do not indent manually. If no entry required, select entry" for the account titles and enter is Account Titles and Explanation 285000 Treasury Stock 285000 To record purchase from stockholders) 90100 Treasury Stock Paid-in Capital from Treasu To record sales of shares at ss3 per share.) Paid-in Capital from TreasL Treasury Stock To record sales of shares at $48 per share) Paid-in Capital from Treasu Version 4.22. or Policy I R 2000 2017 John wrey A Sons, Inc. All Rights Reserved. A Division of lohn wler ASons, unc