Cornerstone Exercise 10-28 (Algorithmic) 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 350 shares of treasury stock for $12 per share. On May 10, 2019, Destiny sells the remaining 540 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)
May 10
	(Record reissue of treasury shares)