Accounting for Treasury Stock On August 19, Portland Corporation repurchases 2,000 shares of its outstanding common stock for $11 per share. On October 31, Portland sells 800 shares of treasury stock for $15 per share. Any additional sales of treasury stock during the year were sold for $6 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 22,000 Cash 22,000 12,000 k Oct. 31 Cash Treasury Stock Additional Paid-In Capital-Treasury Stock 8,800 3,200 Nov. 17 Cash 7,2007 Additional Paid-In Capital-Treasury Stock 0 Retained Earnings X Treasury Stock