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Oregon Outfitters issues 1,500 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to reacquire
Oregon Outfitters issues 1,500 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to reacquire 230 shares at a cost of $19 per share. 1. Record the original issue of the 1,500 shares. 2. Record the purchase of 230 shares. 3. Record the entry if Oregon Outfitters resells the 230 shares of treasury stock at $25 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the original issue of the 1,500 shares.
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