Required information [The following information applies to the questions displayed below.] On January 1, 2021, American Apparel Company issues 1,000 shares of $1 par value common stock at $22 per share. On May 1, 2021, American Apparel decides to purchase 100 shares at a cost of $25 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 < 1 Record the purchase of treasury stock. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal