Exercise 11-7 Sunland Company purchased from its stockholders 5,000 shares of its own previously issued stock for $240,000. It later resold 1,950 shares for $51 per share, then 1,950 more shares for $46 per share, and finally 1,100 shares for $40 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Esplanation Debit Credit To record purchase from stockholders.) (T'o record sales of shares ae $51 per share.) To record sales of shares an $46 per share.) (To recond sale of shares at $40 per share.) SHoW LIS OF ACCOUNTS Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER SUBMIT