Required information [The following information applies to the questions displayed below) California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $15 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $18 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the purchase of treasury stock. Note: Enter debits before credits General Journal Debit Credit Transaction 1 MacBook Air