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2. What is the necessary adjusting journal entry related to the treasury shares reissue on August 1, 2018? a. No adjustment is necessary. b. Dr.

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2. What is the necessary adjusting journal entry related to the treasury shares reissue on August 1, 2018? a. No adjustment is necessary. b. Dr. Retained earnings 50,000 Cr. Share premium from treasury stock transactions 50,000 C. Dr. Share premium from ordinary shares 70,313 Cr. Share premium from treasury stock transactions 70,313 d. Dr. Share premium from treasury stock transactions 37,500 Cr. Retained earnings (Other expense) 37,500

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