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Star Corporation purchased from its stockholders 5,000 shares of its own previously Issued stock for $250,000. It later resold 2,000 shares for $53 per share,
Star Corporation purchased from its stockholders 5,000 shares of its own previously Issued stock for $250,000. It later resold 2,000 shares for $53 per share, then 2,000 more Shares for $48 per share, and finally 1,000 shares for $43 per share. Required. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock
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