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Wildhorse Co. purchased from its stockholders 4,900 shares of its own previously issued stock for $240,100. It later resold 2,100 shares for $52 per share,
Wildhorse Co. purchased from its stockholders 4,900 shares of its own previously issued stock for $240,100. It later resold 2,100 shares for $52 per share, then 2,100 more shares for $47 per share, and finally 700 shares for $41 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 manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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