Accounting for Treasury Stock On August 19, Portland Corporation repurchases 3,100 shares of its outstanding common stock for $14 per share. On October 31, Portland sells 1,085 shares of treasury stuck for $15 per share. Any additonal sales of treasury stock during the year were sold for $9 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. Aug. 19 Treasury Stock Cash Oct. 31 Cash Treasury Stock Additional Paid-In Capital Treasury Stock Nov. 17 Cash Additional Paid-In Capital-Treasury Stock Retained Earnings Treasury Stock 0000 000 00 00 000 0000 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 Check My Work All work saved Next> Save and Exit Submit Assignment for Grading