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Oregon Outfitters issues 1,600 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 140

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Oregon Outfitters issues 1,600 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 140 shares at a cost of $22 per share. (1) Record the original issue of the 1,600 shares, (2) Record the purchase of 140 shares, and (3) Record the entry if Oregon Outfitters resells the 140 shares of treasury stock at $27 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 2 3 1 Record the original issue of the 1,600 shares. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2 3 Record the entry if Oregon Outfitters resells the 140 shares of treasury stock at $27 per share Note: Enter debits before credits. General Journal Debit Credit Transaction 3 Record entry Clear entry View general Journal

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