The $9,000 in Treasury Stock purchased last month was reissued this month for $9,700. Credit for $700 from Paid-In Capital from Sale of Treasury Stock would be included in the entry to journalize the reissuance.
Treasury stock, a contra-equity account that lowers the overall balance of shareholders' equity, is listed inside the shareholders' equity section at the price of the shares that were repurchased.
The gain is recorded in an account called "paid-in capital from treasury stock" if the Treasury stock is sold for more than it cost to buy it. The company's retained earnings are diminished if the treasury stock is sold for less than its cost to repurchase it.
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