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Oriole Company purchased from its stockholders 5,200 shares of its own previously issued stock for $249,600. it later resold 1,700 shares for $51 per share,

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Oriole Company purchased from its stockholders 5,200 shares of its own previously issued stock for $249,600. it later resold 1,700 shares for $51 per share, then 1,700 mare shares for $46 per share, and finally 1,600 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock (Credit occount tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account tities and enter 0 for the amouints.) Account Tities and Explanation Treasury 5 toch (To record purchase from stockholders.) Cash Treawrystock Paid in Capital from Treasury Stock (To record sales of shares at $51 per share.) Cash Paid in Capital from Treasury Stock Treasury Stock (To record sales of shares at $51 per share.) Cash Paid-in Capital from Treasury Stock Treasury Stock (To record sales of shares at $46 per share.) \begin{tabular}{|l|r|} \hline Cash & 72000 \\ \hline \end{tabular} Paid-in Capital from Treasury 5 tock Retained Earnings Treasury Stock (To record sale of shares at $40 per share.)

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