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Sandhill Corporation has outstanding 21,000 shares of $5 par value common stock. On August 1,2020 , Sandhill reacquired 210 shares at $87 per share. On
Sandhill Corporation has outstanding 21,000 shares of $5 par value common stock. On August 1,2020 , Sandhill reacquired 210 shares at $87 per share. On November 1, Sandhill reissued the 210 shares at $75 per share. Sandhill had no previous treasury stock transactions. Prepare Sandhill's journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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