RBG Company's corporate charter allows it to sell 300,000 no-par value common shares. Prior to this month, the company had issued 50,000 shares for a total of $150,000. RBG Company's opening contributed surplus from its only class of common shares had a balance of $2,000. This month, July 2020, RBG repurchased 1,000 shares for cancellation. Required: Listing the accounts in alphabetical order on the debit/credit side and using the space provided below, record the repurchase transaction, assuming a. The purchase price was $2.50. Account Debit Credit b. The purchase price was $6.50. Account Debit Credit RBG Company's corporate charter allows it to sell 300,000 no-par value common shares. Prior to this month, the company had issued 50,000 shares for a total of $150,000. RBG Company's opening contributed surplus from its only class of common shares had a balance of $2,000. This month, July 2020, RBG repurchased 1,000 shares for cancellation. Required: Listing the accounts in alphabetical order on the debit/credit side and using the space provided below, record the repurchase transaction, assuming a. The purchase price was $2.50. Account Debit Credit b. The purchase price was $6.50. Account Debit Credit