Knowledge Check 01 Previously. Milad Corporotion issued 5,000 shares of $0.05 por value common stock for $10 per share. Today, the compeny repurchased 1,000 shares of its stock for $25 per share. Prepore the appropriate journal entry to record the repurchase of the shares. (if no entry is required for a transection/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the repurchase of 1,000 shares of its own stock for $25 per share