4) What is the cost method of stock repurchase and what is the account where these repurchases reside? Where is this account on the balance sheet and how is it classified? Cash is credited (because the company gives cash in exchange for stock) and Treasury Stock (a contra-account in stockholders' equity, noted by "+xSE") is debited (because the company is gaining more shares). On the balance| ACCT 1211 - Chapter 11 - Shareholders' Equity sheet, this would be subtracted from stockholders' equity How would the following two scenarios be journalized? Scenario #1 : SNL Inc. repurchased 50,000 shares for $25 per share. Scenario #2: SNL Inc. reissued 5,000 shares of the above transaction for $28 per share