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After being in business for several years and issuing its common stock to the public, Amazing, Inc., completed the following treasury stock transactions: 0 Click
After being in business for several years and issuing its common stock to the public, Amazing, Inc., completed the following treasury stock transactions: 0 Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize these transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by journalizing the purchase of the treasury stock. Journal Entry Accounts Debit Credit a. a. Purchased 2,100 shares of the company's S3 par common stock as treasury stock, paying cash of 513 per share Sold 1,600 shares of the treasury stock for cash of $16 per share b. Now let's journalize the sale of the treasury stock. Journal Entry Print Done Accounts Debit Credit b
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