Treasury Stock Transactions Fritz Inc. had no treasury stock at the beginning of the year. During February, Fritz purchased 13,900 shares of treasury stock at $22 per share. In May, Fritz sold 4,400 of the treasury shares for $24 per share. In November, Fritz sold the remaining treasury shares for $18 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 blank. 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