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Prepare the journal entry to record the reissuance

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Question - Prior to September 30, a company has never had any treasury stock transactions. A company repurchased 1,000 shares of its $2 par common stock on September 30 for $20 per share. On October 2, it reissued 400 of these shares at $21 per share. On October 12, it reissued the remaining 600 shares at $19 per share. Prepare the journal entry to record the reissuance of the shares on October 12?

Reference no: EM132178762

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