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Oregon Outfitters issues 1,200 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 270
Oregon Outfitters issues 1,200 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 270 shares at a cost of $19 per share. (1) Record the original issue of the 1,200 shares, (2) Record the purchase of 270 shares, and (3) Record the entry if Oregon Outfitters resells the 270 shares of treasury stock at $26 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the original issue of the 1,200 shares. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 3 Record the purchase of 270 shares. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 1 2 2 3 Record the entry if Oregon Outfitters resells the 270 shares of treasury stock at $26 per share. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal
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