Journal Entry #2 says Record the repurchase of 200 shares.

Journal Entry #3 says Record the entry if Oregon Outfitters reissues the 200 shares of treasury stock at $25 per share

Oregon Outitters issues 1,000 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to repurchase 200 shares at a cost of $22 per share. (1) Record the original issue of the 1,000 shares, (2) Record the repurchase of 200 shares, and (3) Record the entry if Oregon Outfitters reissues the 200 shares of treasury stock at $25 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the original issue of the 1,000 shares Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal