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Swifty Corporation purchased from its stockholders5,000shares of its own previously issued stock for $250,000. It later resold1,875shares for $53per share, then1,875more shares for $48per share,
Swifty Corporation purchased from its stockholders5,000shares of its own previously issued stock for $250,000. It later resold1,875shares for $53per share, then1,875more shares for $48per share, and finally1,250shares for $42per share.
Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock
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