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Flounder Corporation has 756.000 shares outstanding. The shares have an average cost of $48 per share. On September 5,2023, the company repurchases 1,900 of its own shares at $80 per share and does not cancel them. The shares are classified as treasury shares. On November 20,2023 , the company resells 1,600 of the treasury shares at $84 per share. Prepare the journal entries for the repurchase and subsequent sale of the treasury shares. (List all debit entries before credit entries. Credit account titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) List of Accounts Assistance Used Accounts Payable Accounts Receivable Accumulated Depreciation - Automobiles Accumulated Depreciation - Building5 Accumulated OCl Automobiles Bonds Payable Buildings Cash Cash Dividends-Preferred Common Shares Common Shares Dividends Distributable Common Shares Subscribed Common Stock Dividends Distributable Contributed Surplus Deficit Dividend Receivable Dividend Revenue Dividends Dividends Payable Equipment Furniture and Fixtures FV.Ni Investments FV-OCl lnvestments Gain on Appreciation of Capital Asset Gain on Disposal of Investments FV-OCI Gain on Sale of Investments Income Summary Inventory Investment Income or Loss Investment Income or Loss Investment in Sinking Fund Land Legal Expense Loss in Value of Investment Property Machinery No Entry Notes Payable Preferred Shares Property Dividends Payable Retained Earnings Share Subscriptions Recelvable Stock Dividends Stock Dividends Distributable Treasury Shares Unrealized Gain or Loss

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