I am trying to participate in my classes discussion and I have yet to receive my book. I have tried researching this info and am not having luck. The teacher has asked us to pick a question and the only one left for me to answer is this-
record in general journal form- a company reacquired 8,000 of its own $10 par value common stock at $40 cash per share. The stock was originally issued at $15 per share.

I am assuming that this would be an expense in the journal and I had labeled it as "stock".
Would this just be entered as a debit of $320,000?