Problem 4 - (10 Points)

Star Corporation purchased from its stockholders 6.000 shares of its own previouslv issued stock for

$300,000. It later resold 2,000 shares for $63 per share, then 2,000 more shares for $59 per share, and

finally 1,000 shares for $52 per share.

Instructions:

Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.

Problem 4-(10 Points) Star Corporation purchased from its stockholders 6.000 shares of its own previouslv issued stock for $300,000. It later resold 2,000 shares for $63 per share, then 2,000 more shares for $59 per share, and finally 1,000 shares for $52 per share. Instructions: Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock