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Beta, Inc., purchased 5,000 shares of treasury stock for $12 per share. The journal entry to record this transaction includes a debit to retained earnings

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Beta, Inc., purchased 5,000 shares of treasury stock for $12 per share. The journal entry to record this transaction includes a debit to retained earnings for $60,000. None of the answers are correct.. a debit to treasury stock for $60,000 a credit to PIC, Treasury Stock for $60,000

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