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1. Describe and discuss the journal entries for Treasury stock (when a company buys back their stock) including what you need to do when Treasury

1. Describe and discuss the journal entries for Treasury stock (when a company buys back their stock) including what you need to do when Treasury stock is sold at, below or above the price it was purchased. Include in your discussion how Treasury stock affects the Balance Sheet.

Review the journal entries and concepts for Treasury stock.

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