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2. Prepare journal entries for the following transactions: a. Issue 15,000 shares, selling price is $45 and par value is $1. b. Buy back 650

2. Prepare journal entries for the following transactions: a. Issue 15,000 shares, selling price is $45 and par value is $1. b. Buy back 650 shares of outstanding stock at $48 per share. c. Sell 500 shares of treasury stock at $50 per share. (3 points) ANS

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