Accounting for Treasury Stock On January 3, 2013, Tommyboy Corporation repurchases 250,000 shares of its outstanding common stock for $18 per share. On May 1, 2013, Tommyboy sells 80, 500 shares of treasury stock for $12 per share. On October 1, 2013, Tommyboy sells 40,000 shares of its treasury stock for $31 per share. Required: Prepare the journal entries to record these transactions. For a compound transaction, if an amount box does not require an entry, leave it blank