Treasury Stock Purchase Jackson $\backslash (\backslash$& $\backslash )$ Company has no$-$par value common stock outstanding that is selling at $\backslash (\backslash$$ $40\backslash )$ per share. The company's CEO believes that the stock price is undervalued and decides to buy back $10,000$ shares. Prepare the journal entry to record the purchase of the treasury stock.