ccounting for Treasury Stock on January 1, 2019, Tommyboy Corporation repurchases 11,800 shares of its outstanding common stock for $26 per share. On May 1, 2019, Tommyboy sells 2,500 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) Record reissue of treasury Shares) Records of treasury shares) come 2. How these transactions affect Tommyboys 2019 by treasury stock transactions because the income statement Previous Next The income statements A for Grading Choy Wo Check My Work