Exercise 11-8A Treasury stock transactions LO 11-3 Elroy Corporation repurchased 2,800 shares of its own stock for $40 per share. The stock has a par of $10 per share. A month later Elroy resold 700 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 2 Record the repurchase of own stock. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal