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4 : 3 3 LTE , Acc 2 2 2 T 3 bc CH 1 2 - 1 3 0 4 2 0 2 4

4:33
LTE ,
Acc 222 T3 bc CH12-13042024: A...
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Question 1
--8
Treasury_Stock
04/4/23 In order to improve the Common Stock price, the Treasurer of Jones Co. purchased 1000 shares of its $2. PV common stock at $20 per share.
09/01/23 Sold 500 shares of Treasury stock at $22.
11/30/23 Sold 300 shs of Treaury Stock @ $15.
Required:
Record the Journal Entries for the three Treasury Stock Transactions.
At year end, 100 shares of Treasury stock remains in the Co Treasury; how are these shares presented in the Jones Co. Financial Statements?
Question 2
--2
The addition of a new partner to a firm does not dissolve the old partnership.
True
Drafts Are Disabled
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