Answer:
The journal entries are as follows:
(i) Cash A/c(1,825 × $52) Dr. $94,900
To Treasury stock(1,825 × $49) $89,425
To paid in capital from Treasury stock(1,825 × $3) $5,475
(To record the purchase at $52)
(ii) Cash A/c(1,825 × $47) Dr. $85,775
paid in capital from Treasury stock(1,825 × $2) A/c Dr. $3,650
To Treasury stock(1,825 × $49) $89,425
(To record the purchase at $47)
(iii) Cash A/c(1,550 × $41) Dr. $63,550
paid in capital from Treasury stock A/c Dr. $1,825
Retained earnings A/c (1,550 × $8) Dr. $10,575
To Treasury stock(1,550 × $49) $75,950
(To record the purchase at $41)
