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7. On August 30, Company ABC re-issued another 200 shares of stock it had repurchased on May 5 (it had purchased them for $29 each).

7. On August 30, Company ABC re-issued another 200 shares of stock it had repurchased on May 5 (it had purchased them for $29 each). It sold it for $21 per share. Note: re-issued means ABC sold the stock back to the market. Debit Account Cash Credit Account Debit Amount Credit Amount

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