I previously submitted homework with the necessary information. Instructor told me I was on the correct path. That the debit to cash was correct in the amount of 63750. That I needed to Credit treasury stock at cost X the number of shares. This I do not understand. Then I need to debit Paid In Capital Treasury stock for the balance found in the previous transaction which I believe is 45,000 and the different is a debit to Retained Earnings.