Surfer Girl Clothing Company issues $1,000$ shares of $$1$ par value common stock at $$16$ per share. Later in the year, the company decides to repurchase $100$ shares at a cost of $$19$ per share.

Determine the financial statement effects of the repurchase of treasury stock.

Note: Amounts to be deducted should be indicated by a minus sign. If there are no effects for a particular transaction$/$event$,$ select "There are no financial statement effects" in the first account field.

Surfer Girl Clothing Company issues $1,000$ shares of $$1$ par value common stock at $$16$ per share. Later in the year, the company decides to repurchase $100$ shares at a cost of $$19$ per share.

Determine the financial statement effects of the repurchase of treasury stock.

Note: Amounts to be deducted should be indicated by a minus sign. If there are no effects for a particular transaction$/$event$,$ select "There are no financial statement effects" in the first account field.

Surfer Girl Clothing Company issues $1,000$ shares of $$1$ par value common stock at $$16$ per share. Later in the year, the company decides to repurchase $100$ shares at a cost of $$19$ per share.

Determine the financial statement effects of the repurchase of treasury stock.

Note: Amounts to be deducted should be indicated by a minus sign. If there are no effects for a particular transaction$/$event$,$ select "There are no financial statement effects" in the first account field.