Instructions Chart of Accounts General Journal Next Level Instructions Ray Holt Corporation has retained you as a consultant on accounting policies and procedures. During 2019, the company engaged in a number of treasury stock transactions, having foreseen an opportunity to report its treasury stock as an asset and to recognize a profit in trading its own stock. The transactions were as follows: 1. Reacquired 85 shares of its $10 par common stock at $18 per share. The shares had originally been issued at $23 per share. 2. Reacquired 160 shares of its $10 par common stock at $23 per share. The shares had originally been issued at $23 per share. 3. Reacquired 40 shares of its $100 par preferred stock at $137 per share. The shares had originally been issued at $177 per share. 4. Sold all common treasury shares held at $26 per share