03. define Treasury stock and journalize the following transactions 1- On May 8, Whitt, Inc. purchased 2,000 of its own 2- On June 30, Whitt sold 100 shares of its treasury stock 3- On July 19, Whitt, Inc. sold an additional 500 shares 4- On August 27, Whitt sold an additional 400 shares of shares of stock in the open market for S8,000 for $4 per share. of its treasury stock for $8 per share. its treasury stock for S1.50 per share