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1. Beta Inc. had the following equity as of December 31, Year 1: Common shares, 1,000,000 shares authorized, 200,000 shares issued Retained earnings $2,400,000 1,600,000
1. Beta Inc. had the following equity as of December 31, Year 1: Common shares, 1,000,000 shares authorized, 200,000 shares issued Retained earnings $2,400,000 1,600,000 The following transactions related to the company's shares took place during Year 2: Aug. 1 Purchased and retired 6,000 shares at $13 per share. Purchased and retired 5,000 shares at $11 per share. Dec. 3 Prepare the journal entries to record the Year 2 transactions
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
