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Oregon outfitters issues 1,000 shares of $1 par value common stock at $20 per share. later in the year, the company decides to repurchase 200
Oregon outfitters issues 1,000 shares of $1 par value common stock at $20 per share. later in the year, the company decides to repurchase 200 shares at a cost of $22 per share. (1) record the original issue of the 1,000 shares, (2) Record the repurchase of 200 shares, and (3) record the entry of Oregon outfitters declares a cash dividend of $1.50 per share.
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