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Flounder Corporation purchased from its stockholders 4,700 shares of its own previously issued stock for $239,700. It later resold 3,880 shares for $54 per share,

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Flounder Corporation purchased from its stockholders 4,700 shares of its own previously issued stock for $239,700. It later resold 3,880 shares for $54 per share, then 1,880 more shares for $49 per share, and finally 940 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (List all debit entries before credit entriek. Credit occount titles are cutomatically indented when amount is entered. Do not indent manually.)

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