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 May 19 Nov. 1 2. Conceptual Connection: How will these transactions affect Big Ben's income statement? The income statement is by treasury stock transactions because the income statement