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Blossom Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 20,300 shares issued $101,500 Paid-in capital in excess
Blossom Company had the following stockholders' equity as of January 1, 2020. Common stock, $5 par value, 20,300 shares issued $101,500 Paid-in capital in excess of par-common stock 294,000 Retained earnings 318,000 Total stockholders' equity $713,500 During 2020, the following transactions occurred. Feb. 1 Blossom repurchased 2,020 shares of treasury stock at a price of $19 per share. Mar. 1 800 shares of treasury stock repurchased above were reissued at $17 per share. Mar. 18 500 shares of treasury stock repurchased above were reissued at $13 per share. Apr. 22 580 shares of treasury stock repurchased above were reissued at $20 per share. Prepare the journal entries to record the treasury stock transactions in 2020. assuming Blossom uses the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 Mar. 18
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