Brief Exercise 10-8 (Algo) Record purchase of treasury stock (LO10-4) Sunshine Clothing Company issues 1,000 shares of $1 par value common stock at $27 per share. Later in the year, the company decides to purchase 100 shares at a cost of $30 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the purchase of treasury stock. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Treasury Stock View general journal Record entry Clear entry