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 $29 per share. On May 1, 2021, American Apparel decides to purchase 100 shares at a cost of $32 per share. Record the transaction if American Apparel resells the 100 shares of treasury stock at $34 per share. (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 sale of treasury stock. Note: Enter debits before credits Transaction Genarat Journal Debit Credit