Accounting for Treasury Stock On August 19, 2019, Portland Corporation repurchases 9,300 shares of its outstanding common stock for $12 per share. On October 31, 2019, Portland sells 2,790 shares of treasury stock for $15 per share. Any additional sales of treasury stock during the year were sold for $8 per share. On December 31, 2019, Portland had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transactions associated with treasury stock. 2019 Aug. 19 Treasury Stock 111,600 Cash 111,600 Oct. 31 Cash Treasury Stock Additional Paid-In Capital Treasury Stock Nov. 17