Bravo Bistro, Inc.
The stockholders' equity section of the December 31, 2011, balance sheet for Bravo Bistro appeared as follows:

- Assume that all of the 2,000 shares of Bravo's stock that was issued as of December 31, 2011, was issued for $3.50 per share. On March 1, 2012, Bravo reacquired 1,000 shares of its common stock for $4.50 per share.
Refer to the information presented above for Bravo Bistro, Inc. If all of the 1,000 shares that Bravo Bistro repurchased on March 1 were later reissued for $5.00 per share, the journal entry to record this transaction includes a debit to what account and for what amount?

Question

Bravo Bistro, Inc. 
The stockholders' equity section of the December 31, 2011, balance sheet for Bravo Bistro appeared as follows:

- Assume that all of the 2,000 shares of Bravo's stock that was issued as of December 31, 2011, was issued for $3.50 per share. On March 1, 2012, Bravo reacquired 1,000 shares of its common stock for $4.50 per share.
Refer to the information presented above for Bravo Bistro, Inc. If all of the 1,000 shares that Bravo Bistro repurchased on March 1 were later reissued for $5.00 per share, the journal entry to record this transaction includes a debit to what account and for what amount?

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The Answer of Bravo Bistro, Inc. 
The stockholders' equity section of the December 31, 2011, balance sheet for Bravo Bistro appeared as follows:

- Assume that all of the 2,000 shares of Bravo's stock that was issued as of December 31, 2011, was issued for $3.50 per share. On March 1, 2012, Bravo reacquired 1,000 shares of its common stock for $4.50 per share.
Refer to the information presented above for Bravo Bistro, Inc. If all of the 1,000 shares that Bravo Bistro repurchased on March 1 were later reissued for $5.00 per share, the journal entry to record this transaction includes a debit to what account and for what amount?