Do Review 11-2b itl Indigo Corporation purchased 2,500 shares of its $9 par value common stock for $ 85,500 on August 1. It will hold these in the treasury until resold. Journalize the treasury stock transaction. (Credit account titles are a select "No Entry" for the account titles and enter O for the amounts.) utomatically indented when amount is entered. Do not indent manually. If no entry is required, Date Account Titles and Explanation Debit Credit Aug. 1