Question: Question 3 of 5 > - 71 E View Policies Current Attempt in Progress Riverbed Corporation purchased from its stockholders 5,500 shares of its own

 Question 3 of 5 > - 71 E View Policies Current

Question 3 of 5 > - 71 E View Policies Current Attempt in Progress Riverbed Corporation purchased from its stockholders 5,500 shares of its own previously issued stock for $280,500. It later resold 2,200 shares for $54 per share, then 2,200 more shares for $49 per share, and finally 1,100 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record purchase from stockholders.) (To record sales of shares at $54 per share.) (To record sales of shares at $49 per share.) (To record sale of shares at $43 per share.)

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