Accounung for reasury Stock On January 1, 2019, Tommyboy Corporation repurchases 12,600 shares of its outstanding common stock for $26 per share. On May 1, 2019, Tommyboy sells 9,500 shares of treasury stock for $17 per share. On October 1, 2019, Tommyboy sells 1,500 shares of its treasury stock for $44 per share. Required: 1. Prepare the journal entries to record these transactions. 2019 Jan. 1 (Record purchase of treasury shares) May 1 111 110 IDII DIO (Record reissue of treasury shares) Oct. 1 (Record reissue of treasury shares)