Elroy Corporation repurchased 3,900 shares of its own stock for $45 per share. The stock has a par of $10 per share. A month later, Elroy resold 975 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 2 Record the repurchase of own stock. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal b. What is the balance of the treasury stock account after these transactions? Balance of treasury stock