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Exercise 11-7 Rinehart Corporation purchased from its stockholders 5,300 shares of its own previously issued stock for $254,400. It later resold 1,825 shares for $51 per share, then 1,825 more shares for $46 per share, and nally 1,650 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 0 for the amounts.) Account Titles and Explanation Debit Credit (l'o record purchase from stockholders.) Cl'o record sales of shares at $51 per share.) fro record sales of shares at $46 per share.) Cl'o record sale of shars at $40 per share.)