Question
Whispering Winds Corporation purchased from its stockholders 5,900 shares of its own previously issued stock for $300,900. It later resold 2,360 shares for $54
Whispering Winds Corporation purchased from its stockholders 5,900 shares of its own previously issued stock for $300,900. It later resold 2,360 shares for $54 per share, then 2,360 more shares for $49 per share, and finally 1,180 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To record purchase from stockholders.) Debit Credit 9.21 DM
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