California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $31 per share. Later in the year, the company decides to repurchase 100 shares at a cost of $34 per share. Record the purchase of treasury stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal