Wildhorse Co. purchased from its stockholders 5,300 shares of its own previously issued stock for...
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Accounting
Wildhorse Co. purchased from its stockholders 5,300 shares of its own previously issued stock for $275,600. It later resold 1,900 shares for $55 per share, then 1,900 more shares for $50 per share, and finally 1,500 shares for $44 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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