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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 180
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 180 shares at a cost of $21 per share. (1) Record the original issue of the 1,200 shares, (2) Record the purchase of 180 shares, and (3) Record the entry if Oregon Outfitters resells the 180 shares of treasury stock at $24 per share
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