Ginger Spice Distributors acquired 14,500 shares of its own common shares at a cost of $ 64

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Ginger Spice Distributors acquired 14,500 shares of its own common shares at a cost of $ 64 per share. After six months, Ginger sold half of the shares back in the open market at a price of $ 70 per share. Prepare the journal entries to record the acquisition and disposal of the treasury shares.
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Intermediate Accounting

ISBN: 978-0132162302

1st edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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