Exercise 11-7 Swifty Corporation purchased from its stockholders 5,500 shares of its own previously issued stock for $275,000. It later resold 1,700 shares for $53 per share, then 1,700 more shares for $48 per share, and finally 2,100 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. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Account Titles and Explanation Treasury Stock 275000 275000 Cash (To record purchase from stockholders.) Cash 90100 Paid-in Capital from Treasury Stock Treasury Stock (To record sales of shares at $53 per share.) (To record sales of shares at $48 per share.) (To record sale of shares at $42 per share.) Click if you would like to Show Work for this question: Open Show Work