Treasury Stock Transactions Fritz Inc. had no treasury stock at the beginning of the year. During February, Fritz purchased 14,500 shares of treasury stock at $21 per share. In May, Fritz sold 4,000 of the treasury shares for $24 per share. In November, Fritz sold the remaining treasury shares for $14 per share. Required: Prepare journal entries for the February, May, and November treasury stock transactions. If an amount box does not require an entry, leave it blank Feb. Treasury Stock Cath May Sash Treasury Stock Additional Paid-In Contaldreasury Stock 304,500 304,300 9,000 900X Nov rash Treasury Stock x Additional Paid-in Comabiratury Stock Retained Eartongs 140,000 X 1,000 X Check My W When purchasing its own previously issued stock, corporations record a reduction to stockholders' equity for the purchase amount of the bressury stock Check My Work 2 more Check My Work uses remaining Previous Next