Exercise 10-65 (Algorithmic) Treasury Stock Transactions Dennison Service Corporation had no treasury stock at the beginning of the year. During January Denn son purchased 7 300 shares o treasury Sto Kat April, Dennison sold 4,100 of the treasury shares for $25 per share. In August, Dennison sold the remaining treasury shares for $20 per share. Required: Prepare journal entries for the January, April, and August treasury stock transactions. e share n January: Treasury Stock 153,000X Cash (Record purchase of treasury shares) 153,0001 x Apri: Cash 102,500 Additional Paid-In Capital-Treasury Stock 16,400 86,100 Treasury Stock V (Record reissue of treasury shares) August: Cash Additional Paid-In Capital-Treasury Stock Treasury Stock (Record reissue of treasury shares) Feedback Check My Work When purchasing its own previously issued stock, corporations record a reduction to stockholders' equity for the purchase amount of the treasury stock