Elroy Corporation repurchased 3,100 shares of its own stock for $40 per share. The stock has a par of $15 per share. A month later, Elroy resold 775 shares of the treasury stock for $48 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 1 2 Record the repurchase of own stock.