Section F--Treasury Stock Transactions Albany State Corporation balance sheet reported the following: Capital stock outstanding, 10,000 shares, par value $15 Paid-in capital in excess of par Retained earnings $150,000 40,000 60,000 Prepare the journal entry for the following transactions under the cost method of accounting for treasury stock 1. Purchased 1,000 shares of common stock to be held as treasury stock, paying $25 per share. 2. Sold 300 of these shares of at $30 per share. eno vol blog stolz Logo b oble