Elroy Corporation repurchased 1,800 shares of its own stock for $35 per share. The stock has a par of $5 per share. A month later, Elroy resold 450 shares of the treasury stock for $43 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? No Event General Journal Debit Credit A 1 Treasury stock Cash B 2 Cash Treasury stock Paid-in capital in excess of cost of treasury stock Balance of treasury stock