A company paid $24 per share to purchase 600 shares of its ordinary shares as treasury shares.

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A company paid $24 per share to purchase 600 shares of its ordinary shares as treasury shares. The shares were originally issued at $16 per share. The journal entry to record the purchase of the treasury shares is:

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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Question Posted: Jul 26, 2024 05:01 AM

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A company paid $24 per share to purchase 600 shares of its ordinary shares as treasury shares.

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Financial Accounting International Financial Reporting Standards

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