Grouper Corporation purchased from its stockholders $4,800$ shares of its own previously issued stock for $$244,800.$ It later resold $1,920$ shares for $$54$ per share, then $1,920$ more shares for $$49$ per share, and finally $960$ shares for $$43$ per share

Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock $($Ulist all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually$)$

Acoount Trites and Explanation

Debit

Credit

$($To record purchase from stockholders.$)$

$($To record sales of shares at $$54$ per share.$)$

$($To record sales of shares at $$49$ per share.$)$

$($To record sale of shares at $$43$ per share.$)$