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Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 800 shares of its outstanding common stock for $9 per share. On March 1,
Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 800 shares of its outstanding common stock for $9 per share. On March 1, 2019, Destiny sells 290 shares of treasury stock for $12 per share. On May 10, 2019, Destiny sells the remaining 510 shares of its treasury stock for $6 per share Required: Prepare the journal entries to record these transactions 2019 Feb. 1 o (Record purchase of treasury shares) Mar. 1 101 1110 I lII DIO (Record reissue of treasury shares) May 10
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