Secure https://www.chegg.com/homework help/questions-and-answers/montgomery co-well-established-law firm provided 500 hour time Me d Course 200SP Mang o Dang Tin Nguyen Tu Montgomery Co. A Intermediate Accounting Review Answer ich 12 Adobe Acrobat Reader DC He dit View Windows Help Home Tools Intermediate Acco. * .com 10.(12 points) Tennessee Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $250,000. It later resold 2,000 shares for $54 per share, then 2,000 more shares for S49 per share, and finally 1,000 shares for S40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Suppose the following events occurred in the sequence.) (1) Repurchase of 5,000 shares at S50) (2) Resale of 2,000 shares at S54) More (3) Resale of 2,000 shares at $49) Tools Intermediate Acco (3) Resale of 2,000 shares at S49) (4) Resale of 1,000 shares at S40) Runker Hill Community College