8 On 7/1/21, ABC purchased 5,000 shares of its own stock from existing stockholders as treasury stock. The cost of the treasury stock was $10 pet share of $50,000 in total. The effects of this transaction et leads shown in the adjusted trial balance. On 12/31/21 ABC reissued 2,000 shares of the testy stock at $15 per share. Record the joumal entey required for the reisstance of the treasury stock To refresh your memory, treasury stock is usually accounted for at cost. When trasy stock is reissted for more than its cost, a separate Paid Capital Treaty Stock account should be used to account to the excess proceeds over cost See your Principles of Accounting textbook or Chapter 18 of you intermediate Accounting textbook for a retsew.)