Journalize treasury share transactions E12.5 (LO 2) Nanjing Ltd. purchased from its shareholders 5,000 shares of its own previously issued shares for 250,000. It later resold 1,300 shares for 54 per share, then 2,000 more shares for 49 per share, and finally 1,700 shares for 40 per share. Instructions Prepare journal entries for the purchase of the treasury shares and the three sales of treasury shares