Question
11. Oregon Outfitters issues 1,500 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase
11. Oregon Outfitters issues 1,500 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 110 shares at a cost of $19 per share. (1) Record the original issue of the 1,500 shares, (2) Record the purchase of 110 shares, and (3) Record the entry if Oregon Outfitters resells the 110 shares of treasury stock at $25 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
1. Record the original issue of the 1,500 shares.
2. Record the purchase of 110 shares.
3. Record the entry if Oregon Outfitters resells the 110 shares of treasury stock at $25 per share.
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