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12) Quadrant Corporation originally issued its common shares at $45 per share. (1) Prepare a journal entry to record the retirement of 600 shares if

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12) Quadrant Corporation originally issued its common shares at $45 per share. (1) Prepare a journal entry to record the retirement of 600 shares if Quadrant Corporation paid $25 per share. (2) Prepare a journal entry to record the retirement of 600 shares if Quadrant Corporation paid $75 per share. Quadrant has $12,000 in contributed capital from the previous retirement of common shares

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