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Bridgeport Corporation's balance sheet reported the following: The following transactions occurred this year: (a) Purchased 180 shares of capital stock to be held as treasury

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Bridgeport Corporation's balance sheet reported the following: The following transactions occurred this year: (a) Purchased 180 shares of capital stock to be held as treasury stock, paying $60 per share. (b) Sold 150 of the shares of treasury stock at 565 per share: (c) Sold the remaining shares of treasury stock at $53 per share. Prepare the journat entry for these transactions under the cost method of accounting for treasury stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Wf no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.)

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