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Splish Brothers Inc. purchased from its stockholders 6,000 shares of its own previously issued stock for $306.000. It later resold 1.600 shares for $54 per

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Splish Brothers Inc. purchased from its stockholders 6,000 shares of its own previously issued stock for $306.000. It later resold 1.600 shares for $54 per share, then 1.600 more shares for $49 per share, and finally 2.800 shares for 543 per share Prepare 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 mortuolly. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Credit Debit 306.000 Treasury Stock Cash 306.000 (To record purchase from stockholders.) Cash 78400 Treasury Stock Paid-in Capital from Treasury Stock (To record sales of shares at $54 per share) Treasury Stock Paid In Capital from Treasury Stock (To record sales of shares at $54 per share.) (To record sales of shares at $49 per share.) (To record sale of shares at 543 per share.)

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