When purchase the treasury stock, I always have temptation to debit treasury stock and credit common stock. However, the right way to record it is debit treasury stock and credit cash. I just would like to know how does purchase treasury stock process look like. I personally feel like from common stock to treasury stock, that is why I dr treausry stock and cr common stock. Or it is more like company call back the stock or use money to buy it back. something like shareholder withdraw equity investment ? Then company use money to pay for withdraw shareholder?

eg. On January 20, 2020, Pacifc acquires 10,000 shares of its stock at $11 per share. Pacifc records the reacquisition as follows

treasury stock 110000

cash 110000

I temp to record journal entry like this: treasury stock 110000

common stock 110000

Could you please help me solve my confusion, thanks.