The Collyer Corporation repurchased and held as treasury stock 3,000 shares of its own common stock at

Question:

The Collyer repurchased and held as treasury stock 3,000 shares of its own at $15 per share. Prepare the journal entry to record this transaction.
The Collyer reissues 2,000 shares of the treasury stock they purchased in Question Prepare the journal entry to record the reissuance of these shares for $20 per share.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...