Oriole Storage Products purchased $11100$ shares of its own $$0\mathrm{.}75$ par value common stock at a cost of $$8$ per share. The stock was originally issued at $$7$ per share. Which of the following is part of the journal entry to record the purchase?

Credit Common Stock for $$88800.$

Debit Treasury Stock for $$88800.$

Debit Treasury Stock for $$8325.$

Credit Common Stock for $$8325.$