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Kingbird Corporation has outstanding 21,000 shares of $5 par value common stock. On August 1,2025 , Kingbird reacquired 210 shares at $87 per share. On
Kingbird Corporation has outstanding 21,000 shares of $5 par value common stock. On August 1,2025 , Kingbird reacquired 210 shares at $87 per share. On November 1 , Kingbird reissued the 180 shares at $77 per share. Kingbird had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1,2025 , reissuance. The shares were initially issued for $55 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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