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On June 16, Simp Inc. reacquired 89,000 shares of its common stock at $24 a share. On September 23, Simp Inc. sold 67,000 of the

On June 16, Simp Inc. reacquired 89,000 shares of its common stock at $24 a share. On September 23, Simp Inc. sold 67,000 of the reacquired shares at $33 per share. On December 8, Simp Inc. sold the remaining shares at $22 per share. The journal entry to record the sale of the reacquired shares on September 23 would include a

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