bferguson
Aug 14, 2011, 10:53 AM
Three years ago, Elias Inc Bought back 5000 shares of common stock from investors. At the time , the stock was trading at $20 per share. Now that the stock's value has increased to $28 per share, the companys management would like to reissue this stock into the marketplace.
What is the journal entry to record this transaction?
What is the journal entry to record this transaction?