Accounting for Treasury Stock On August 19, Portland Corporation repurchases 9,500 shares of its outstanding common stock for $14 per share. On October 31 , Portland selis 3,325 shares of treasury stock for $17 per share, Any additional sales of treasury stock during the year were sokd for $8 per share. On December 31 , Portland had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transoctions associated with treasury stock. If an amount box does not require an entry, leave it blank