Business, 31.05.2021 09:10 2020sanchezyiczela
January 10, a corporation purchased 5,000 shares of its own common stock at
$17.50 per share. On August 4th, a total of 2,000 treasury shares were sold at $20 per
share. On October 17th the company reissued the remaining of treasury stock at $16.5
per share.
Required: Prepare the journal entries required on January 10, August 4th, and October
17th.
Answers: 2
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January 10, a corporation purchased 5,000 shares of its own common stock at
$17.50 per share. On Au...
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