Accounting for Treasury Stock stock for $13 per share. Any additional sales of treasury stock during the year were sold for $8 per share. On December 31 , Portland had no remaing treas 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. 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. 3 more Check My Work uses remaining. Next