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13-05 Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 7,200 shares of its common stock at $25 per share. On August 3,
13-05 Entries for Treasury Stock
On May 27, Let Loose Inc. reacquired 7,200 shares of its common stock at $25 per share. On August 3, Let Loose sold 3,300 of the reacquired shares at $28 per share. November 14, Let Loose sold the remaining shares at $24 per share.
Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank.
May 27 | |||
Aug. 3 | |||
Nov. 14 | |||
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