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Elroy Corporation repurchased 3,600 shares of its own stock for $45 per share. The stock has a par of $10 per share. A month later,

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Elroy Corporation repurchased 3,600 shares of its own stock for $45 per share. The stock has a par of $10 per share. A month later, Elroy resold 900 shares of the treasury stock for $53 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 Record entry Clear entry View general Journal

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