On January 2, 2019, Frederick Corporation issued 18,000 shares
On January 2, 2019, Frederick Corporation issued 18,000 shares of
$10 par value common stock for $13 per share. On April 1, 2019, Alpha reacquired 1,500 of these shares when they were trading $16 per share. On August 1, 2019 Frederick reissued 800 shares of treasury stock at the going market rate of $19 per share. Use this information to create the General Journal entry (without explanation) for the August 1 transaction.
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