Question 3 of 7 View Policies Current Attempt in Progress Novak Corporation purchased from its stockholders...

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Question 3 of 7 View Policies Current Attempt in Progress Novak Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $265,200. It later resold 2,080 shares for $54 per share, then 2.080 more shares for $49 per share, and finally 1,040 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 entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation (To record purchase from stockholders.) Debit Credit Question 3 of 7 View Policies Current Attempt in Progress Novak Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $265,200. It later resold 2,080 shares for $54 per share, then 2.080 more shares for $49 per share, and finally 1,040 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 entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation (To record purchase from stockholders.) Debit Credit