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 $35 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $38 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 Transaction General Journal Debit Credit Viwawal 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 $35 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $38 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $40 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 1 Record the sale of treasury stock. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit