Exercise 13-8 Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $255,000. It later resold 2,000 shares for $54 per share, then 2,000 more shares for $49 per share, and finally 1,000 shares for $43 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 (To record purchase from stockholders.) (To record sales of shares at $54 per share.) Debit Credit (To record sales of shares at $49 per share.) (To record sale of shares at $43 per share.)