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A corporation originally issued $10 par value common stock for $13 per share. On July 4, it purchased 2,000 shares of its own stock for
A corporation originally issued $10 par value common stock for $13 per share. On July 4, it purchased 2,000 shares of its own stock for $21 per share. On September 19, the company sells 1,400 shares of treasury stock for $12 per share.
Record the journal entries for July 4 and September 19. Omit explanations.
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Petroleum Accounting Principles Procedures And Issues
Authors: Dennis Jennings, Joe Feiten, Horace Brock
5th Edition
0940966255, 978-0940966253
