California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $28 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $31 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 View journal entry worksheet No Transaction General Journal Debit Credit 1 Cash 28,000 Common Stock Additional Paid-in Capital 1,000 27,000