ts by PRINTER VERSaON Exercise 13-8 Your answer is partially correct. Try again. Rinehart Corporation purchased from its stockholders 5,200 shares of its own previously issued stock for $254,800. It later resold 1,825 shares for $52 per share, then 1,825 more shares for $47 per share, and finally 1 SS0 shares for $41 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.) Account Titles and Explanation Treasury Stock E- 254 To record purchase from stodholders.) Treasury Stock Paid-in Capital from (To record sales of shares at $52 per share.) 5775 Pad-In Capital from Trei Treasury Stock a A 4 3/27/2017