he start of 20X5, Douglas Corp. had 10,000 shares of $1 par common stock issued and outstanding. All 10,000 shares had been issued in the prior year for $20 per share. On November 1, 20X5, Douglas repurchased 1,000 shares of its own stock for $18 per share. It plans to reissue these shares at a future time. Question: What journal entry should Douglas make to record the November 1, 20X5 transaction? Answer: It should debit + for $ + and credit + for $