Cheyenne Corp, purchased from its stockholders 5,400 shares of its own...
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Cheyenne Corp, purchased from its stockholders 5,400 shares of its own previously issued stock for $259,200. It later resold 2,000 shares for $51 per share then 2,000 more shares for $46 per share, and finally 1,400 shares for $40 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 for the amounts.)
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