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Accounting for Treasury Stock On August 1 9 , Portland Corporation repurchases 6 , 5 0 0 shares of its outstanding common stock for $

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Accounting for Treasury Stock
On August 19, Portland Corporation repurchases 6,500 shares of its outstanding common stock for $16 per share. On October 31, Portland sells 2,275 shares of treasury stock for $17 per share. Any additional sales of treasury stock during the year were sold for $8 per share. On December 31, Portland had no remaining treasury stock.
Required:
Prepare the necessary journal entries to record any transactions associated with treasury stock. If an amount box does not require an entry, leave it blank.
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