On March $15,2023,$ Ray Corporation reacquired $4,700$ shares of its common stock at $$25\mathrm{.}00$ per share. The common stock has a par $$4\mathrm{.}00$ per share. What journal entry should Ray Corporation record for this transaction?

$\backslash$table$[[$Account$,$Debit,Credit$],[,-,]]$

$$ No Journal Entry Required