Prior to June 30, a company has never had any treasury stock transactions. The company repurchased 185 shares of its $1 par common stock on June 30 for $42 per share. On July 20, it reissued 90 of these shares at $46 per share. On August 1, it reissued 70 of the shares at $40 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20?
