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This question comes from the Derecognition of shares lesson On January 1,2010 OurNew Corp.'s...

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Accounting

This question comes from the Derecognition of shares lesson
On January 1,2010 OurNew Corp.'s board of directors authorized 100,000 shares of $1 par value stock for issuance. On that date 70,000 shares were issued for $20 per share. On January 2,2018,
OurNew Corp. reacquired 20,000 shares for $15 per share. The shares were held as treasury shares. On January 2,2020, OurNew Corp. reissued 8,000 shares out of treasury for $25 per share. On
January 5,2020 OurNewCorp retired 2,000 shares from Treasury.
The January 2,2020 entry will include a
to the Treasury Stock account for
and a credit to Paid-In-Capital Share Repurchase for $
After the January 5,2020 entry the balance in Paid-In-Capital Share Repurchase should be $
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