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Rinehart Corporation purchased from its stockholders 4,500 shares of its own previously issued stock for $216,000....

Rinehart Corporation purchased from its stockholders 4,500 shares of its own previously issued stock for $216,000. It later resold 1,500 shares for $51 per share, then 1,500 more shares for $46 per share, and finally 1,500 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.

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