Q16. On January 15, Tesla buys 25,000 shares of it's own stock for $3.7 million dollars. On July 21, Tesla reissues those same 25,0000 shares for $4 million dollars.

Prepare two journal entries to record the January 15 and July 21 transactions. Please format your answer as follows: Ex: Tesla borrows $100 of cash from a bank. +100 Cash (+asset) and +100 Note Payable (+liability)