'On October 5, Jones and Sons purchases 8,500 shares of its own $2 par common stock...

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'On October 5, Jones and Sons purchases 8,500 shares of its own $2 par common stock for $78.95/share. On November 8, Jones and Sons reissues 4,000 shares when the fair market value of its stock climbed to $87.15/share. On December 11, Jones and Sons reissues the remaining 4,500 shares when the fair market value of its shared dropped to $66.43/share. What journal entry will Jones and Sons record on November 8 when it reissues 4,000 of its shares? 'On October 5, Jones and Sons purchases 8,500 shares of its own $2 par common stock for $78.95/share. On November 8, Jones and Sons reissues 4,000 shares when the fair market value of its stock climbed to $87.15/share. On December 11, Jones and Sons reissues the remaining 4,500 shares when the fair market value of its shared dropped to $66.43/share. What journal entry will Jones and Sons record on November 8 when it reissues 4,000 of its shares?