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Journalize the following transactions for Blue Water Resorts, Inc. 1. Purchased 10,000 shares of its own stock at a price of $20 per share on

Journalize the following transactions for Blue Water Resorts, Inc.

1. Purchased 10,000 shares of its own stock at a price of $20 per share on May 6, 20X1.

2. Resold 4,000 shares of Treasury Stock at $30 per share.

3. Resold 4,000 shares of Treasury Stock at $15 per share.

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