Oregon Outfitters issues 1,000 shares of $1 par value common stock at $20 per share.Later in the year,the company decides to repurchase 200 shares at a cost of $22 per share.(1)Record the original issue of the 1,000 shares,(2)Record the repurchase of 200 shares,and (3)Record the entry if Oregon Outfitters reissues the 200 shares of treasury stock at $25 per share.

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The Answer of Oregon Outfitters issues 1,000 shares of $1 par value common stock at $20 per share.Later in the year,the company decides to repurchase 200 shares at a cost of $22 per share.(1)Record the original issue of the 1,000 shares,(2)Record the repurchase of 200 shares,and (3)Record the entry if Oregon Outfitters reissues the 200 shares of treasury stock at $25 per share.

Oregon Outfitters Issues 1,000 Shares of $1 Par Value Common