Question
Buffalo Inc has outstanding 14,300 shares of $10 par value common stock (i) On July 1, 2017, Buffalo reacquired 102 shares at $86 per share
Buffalo Inc has outstanding 14,300 shares of $10 par value common stock (i) On July 1, 2017, Buffalo reacquired 102 shares at $86 per share (ii) On September 1, Buffalo reissued 62 shares at $92 per share.
Prepare Buffalo's journal entries to record these transactions using the cost method.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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