Exercise 11-12A Treasury stock transactions LO 11-5 Elroy Corporation repurchased 1,400 shares of its own stock for $60 per share. The stock has a par of $15 per share. A month later, Elroy resold 350 shares of the treasury stock for $68 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. Note: Enter debits before credits Event General Journal Debit Credit 1 View transaction list Journal entry worksheet 2. Record the repurchase of own stock. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general Journal Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal b. What is the balance of the treasury stock account after these transactions? Balance of treasury stock