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Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 890 shares of its outstanding common stock for $9 per share. On March 1,

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Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 890 shares of its outstanding common stock for $9 per share. On March 1, 2019, Destiny sells 320 shares of treasury stock for $12 per share on May 10, 2019, Destiny sells the remaining 570 shares of its treasury stock for $6 per share. Required: Prepare the journal entries to record these transactions. 2019 Feb. 1 (Record purchase of treasury shares) Mar. 1 (Record reissue of treasury shares) IDI NINI 0000 0.0 May 10 (Record reissue of treasury shares)

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