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 $17 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $20 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.