Question - Carla Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2017, Carla reacquired 190 shares at $85 per share. On November 1, Carla reissued the 190 shares at $76 per share. Carla had no previous treasury stock transactions.
Prepare Carla's journal entries to record these transactions using the cost method.