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Oregon Outfitters issues 2,000 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 220
Oregon Outfitters issues 2,000 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to purchase 220 shares at a cost of $18 per share. (1) Record the original issue of the 2,000 shares, (2) Record the purchase of 220 shares, and (3) Record the entry if Oregon Outfitters resells the 220 shares of treasury stock at $24 per share. (If no entry is required for a particular transection/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 2,000 shares. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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