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Sunland Company purchased from its stockholders 5,300 shares of its own previously issued stock for $275,600. It later resold 2.000 shares for $55 per share

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Sunland Company purchased from its stockholders 5,300 shares of its own previously issued stock for $275,600. It later resold 2.000 shares for $55 per share then 2,000 more shares for $50 per share, and finally 1,300 shares for $44 per share. Prepare journal entries for the purchase of the treasury slock and the three sales of treasury stock. (Credit account Lilles ore automatically indented when amoural is entered. Do not inden manually. If no entry is required, select "No Entry for the account Licles and enter Ofor the amourils.) Account Titles and Explanation Debit Credit (To record purchase from stockholders.) (To record sales af shares at $55 per share.) (To record sales of shares at $50 per share.) (To record sale of shares at $44 per share.)

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