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7) The Sample Company purchased 5,000 shares of their own stock at a price of $7 per share. At a later date they re-issued 2,000

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7) The Sample Company purchased 5,000 shares of their own stock at a price of $7 per share. At a later date they re-issued 2,000 shares at a price of $9. At even a later date they re-issued the remaining shares at $4. Prepare all three journal entries using the cost method. (8 Points)

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