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Rinehart Corporation purchased from its stockholders 5,900 shares of its own previously issued stock for $289,100. It later resold 1,600 shares for $52 per share,
Rinehart Corporation purchased from its stockholders 5,900 shares of its own previously issued stock for $289,100. It later resold 1,600 shares for $52 per share, then 1,600 more shares for $47 per share, and finally 2,700 shares for $41 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock
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