Prepare the journal entry needed for alana

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On November 22, 2020, Regina Company received $30 a share when reissuing 250 of the common stock shares reacquired on July 8, 2020. This is the second time Alana has ever reissued reacquired shares.

Problem 1: Prepare the journal entry needed for Alana to properly record this transaction.

Reference no: EM132699180

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