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

question 73

Essay

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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Definitions:

Acetylcholine

A neurotransmitter involved in muscle contraction, arousal, and memory, playing a key role in transmitting nerve impulses at synapses and neuromuscular junctions.

Neurotransmitter

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Acetylcholine

A neurotransmitter involved in many functions including muscle stimulation, heart rate, memory, and learning.