Elroy Corporation repurchased 1,400 shares of its own stock for $55 per share. The stock has a par of $5 per share. A month later, Elroy resold 350 shares of the treasury stock for $63 per share. Required a. Record the two events in general journal format. (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 repurchase of own stock. Note: Enter debits before credits. Event General Journal Debit Credit