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Cornerstone Exercise 10-28 (Algorithmic) Accounting for Treasy stock On February 1, 2019, Destiny Enterprise repurchases 870 shares of its outstanding common stock for $9 per

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Cornerstone Exercise 10-28 (Algorithmic) Accounting for Treasy stock On February 1, 2019, Destiny Enterprise repurchases 870 shares of its outstanding common stock for $9 per share on March 1, 2019, Destiny sells 330 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 Treasury Stock Cash Record purchase of treasury shares) Cash Treasury Stock Additional Paid-In Capital - Treasury Stock (Record reissue of treasury shares) Cash Additional Paid In Capital - Treasury Stock Retained Earnings 1001 III May 10 Treasury Stock (Pecords of treasury shares)

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