Problem $310$ Mayer & Co$.$ purchased from its stockholders $25,000$ shares of its own previously issued stock for $$275,000.$It later resold $2,500$ shares for $$15\mathrm{.}00$ per share, then $15,000$ shares for $$7\mathrm{.}50$ per share, then $5,000$ more for $$5\mathrm{.}50$ per share, then finally the remaining $2,500$ shares for $$3\mathrm{.}00$ per share.Prepare the journal entries for the purchase of the stock and the subsequent $4$ sales of Treasury StockProblem $3$

$10$ Mayer & Co$.$ purchased from its stockholders $25,000$ shares of its own previously issued stock for $$275,000.$ It later resold $2,500$ shares for $$15\mathrm{.}00$ per share, then $15,000$ shares for $$7\mathrm{.}50$ per share, then $5,000$ more for $$5\mathrm{.}50$ per share, then finally the remaining $2,500$ shares for $$3\mathrm{.}00$ per share.

Prepare the journal entries for the purchase of the stock and the subsequent $4$ sales of Treasury Stock