To record the reacquisition,reissuance and reduction of treasury stock,the corporation need two accounts of "Treasury Stock" and "Additional Paid- in Capital— Dealing with Treasury Stock".
Note that this capital recoupment is separate and distinct from possible priority rights to receive after-tax net profit distributions as outlined in the bullet point above.
If fanatics who believe Muslim women should be imprisoned in their homes and gay people should be killed are insulted by my arguments, I don't resile from it.