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Question 7 ns Cheyenne Corp, purchased from its stockholders 4,600 shares of its own previously issued stock for $ 225,400. Itlater resold 1.575 shares for

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Question 7 ns Cheyenne Corp, purchased from its stockholders 4,600 shares of its own previously issued stock for $ 225,400. Itlater resold 1.575 shares for $ 52 per share, then 1,575 more shares for $47 per share, and finally 1,450 shares for $41 per share. Sup- repare 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. If no entry is required, select "No Entry' for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit To record purchase from stockholders.) To record sales of shares at $ 52 per share.) (To record sales of shares at $47 per share.)

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