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2. Prepare general journal entries to record these transactions. (18 points) Fido Corporation engaged in the following transactions involving treasury stock: a) Jan. 10 Purchased
2. Prepare general journal entries to record these transactions. (18 points)
Fido Corporation engaged in the following transactions involving treasury stock:
a) Jan. 10 Purchased for cash 15,000 share of treasury stock at a price of $20 per share.
Date Debit Credit Db Cr
b) July. 5 Reissued 4,500 shares of treasury stock at a price of $25 per share.
Date Debit Credit Db Cr
c) Nov. 12 Reissued 5,500 shares of treasury stock at a price of $17 per share
Date Debit Credit Db Cr
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