Treasury Stock Transactions SE8. Prepare the journal entries necessary to record Dao Company's following stock transactions during 2014: Oct. 1 Purchased 2,000 shares of its own $2 par value common stock for $20 per share, the current market price. 17 Sold 500 shares of treasury stock purchased on October 1 for $25 per share. 21 Sold 800 shares of treasury stock purchased on October 1 for $18 per share