5- Treasury Stock. Example 1: Ahlia Cor. issued 15,000 shares of $1 par common stock for $25 per share. Instruction: Record the journal entry for the following transaction: 1- The Cor. re-acquired 1,000 shares for $28TS Cost per share. 2- The Cor. Sold 500 shares of its Treasury Stock for $30 per share. 3- The Cor. sold 300 shares of its Treasury Stock for $9 per share. 4- The Cor. sold 100 shares of its Treasury Stock for $11 per share. 5- The Cor. retired remaining 100 shares of its Treasury Stock