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Oregon Outfitters issues 1,800 shares of $1 par value common stock at $19 per share. Later in the year, the company decides to repurchase 250
Oregon Outfitters issues 1,800 shares of $1 par value common stock at $19 per share. Later in the year, the company decides to repurchase 250 shares at a cost of $22 per share. (1) Record the original issue of the 1,800 shares, (2) Record the repurchase of 250 shares, and (3) Record the entry if Oregon Outfitters reissues the 250 shares of treasury stock at $26 per share. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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