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Business, 05.09.2019 00:20 kimvigil4580

In 20x2, allred company acquired 11,000 shares of its $1 par value common stock at $23 per share. during 20x3, allred issued 7,000 of these shares at $31 per share. allred uses the cost method to account for its treasury stock transactions. what accounts and amounts should allred credit in 20x3 to record the issuance of the 7,000 shares?

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In 20x2, allred company acquired 11,000 shares of its $1 par value common stock at $23 per share. du...
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