Chapter 11 175 EXERCISE 11-3 . Prepare the entries in general journal form to record each of the following treasury stock transactions of Pinell Corp. using the cost basis method. (Omit explanations.) (1) On October 1, Pinell purchased 2,000 shares of treasury stock at $75. (2) On October 31, Pinell sold 800 shares of the treasury stock it purchased on (3) On November 20, Pinell sold 100 shares of the treasury stock it purchased October 1 at $82. on October 1 at $70 JOURNAL PAGE POST REF DESCRIPTION DEBIT CREDIT