Question: Read the textbook, lecture notes and all other posts BEFORE you post. Create your own example of RE-ISSUING treasury stock where the re-issue price DIFFERS

Read the textbook, lecture notes and all other posts BEFORE you post. Create your own example of RE-ISSUING treasury stock where the re-issue price DIFFERS from the original acquisition price. Please address the following points:

1. What is the ORIGINAL ACQUISITION price per share, and how many shares were originally acquired?

2. What is the RE-ISSUE price per share, and how many shares are reissued?

3. Assume the ADDITIONAL PAID-IN CAPITAL, TREASURY STOCK account has a beginning balance (you pick the amount).

4. Prepare the necessary JOURNAL ENTRY to record the re-issue.

Be specific and provide ALL necessary detail to support your calculations and journal entry. We will continue to dig into your example during the week.

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