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Accounting for Treasury Stock On August 19, Portland Corporation repurchases 1,800 shares of its outstanding common stock for $10 per share. On October 31 .

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Accounting for Treasury Stock On August 19, Portland Corporation repurchases 1,800 shares of its outstanding common stock for $10 per share. On October 31 . Portiand selis 1,080 shares of treasury stock for $12 per share. Any additional sales of treasury stock during the year were sold for $6 per share. On December 31 , Portiand had no remaining treasury stock. Required: Prepare the necessary journal entries to record any transactions associated with treasury stock. If an amount box does not require an eptwo tawne it hlank

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