Oregon Outfitters issues 1,700 shares of $1 par value common stock at $19 per share. Later in the year, the company decides to purchase 160 shares at a cost of $18 per share. (1) Record the original issue of the 1,700 shares, (2) Record the purchase of 160 shares, and (3) Record the entry if Oregon Outfitters resells the 160 shares of treasury stock at $27 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Oregon Outfitters issues 1,700 shares of $1 par value common stock at $19 per share. Later in the year, the company decides to
purchase 160 shares at a cost of $18 per share. (1) Record the original issue of the 1,700 shares, (2) Record the purchase of 160 shares,
and (3) Record the entry if Oregon Outfitters resells the 160 shares of treasury stock at $27 per share. (If no entry is required for a
particular transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction list
Transcribed Image Text:Assessment i Saved Help Oregon Outfitters issues 1,700 shares of $1 par value common stock at $19 per share. Later in the year, the company decides to purchase 160 shares at a cost of $18 per share. (1) Record the original issue of the 1,700 shares, (2) Record the purchase of 160 shares, and (3) Record the entry if Oregon Outfitters resells the 160 shares of treasury stock at $27 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list
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