Accounting for Treasury Stock Big Ben Corporation provides travel planning services for large corporations across the world. On January 23, Big Ben Corporation repurchases $235,000 shares of its outstanding common stock for $18 per share. On May 19, Big Ben sells 111,500 shares of treasury stock for $10 per share. On November 1, Big Ben sells 75,000 shares of its treasury stock for $25 per share. Required: 1. Prepare the necessary journal entries to record these transactions. If an amount box does not require an entry, leave it blank. Jan. 23 Treasury Stock 4,230,000 Cash 4,230,000 May 19 Cash 1,115,000 Accounts Receivable X 223,000 X Treasury Stock 1,338,000 X Nov. 1 Cash Treasury Stock Additional Paid-In Capital-Treasury Stock 1,875,000 > 900,000 X 975,000 X