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CAMICIS 10-28 (Algorithmic) Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 320 shares of its outstanding common stock for 59 per share

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CAMICIS 10-28 (Algorithmic) Accounting for Treasury Stock On February 1, 2019, Destiny Enterprise repurchases 320 shares of its outstanding common stock for 59 per share on March 1, 2019, Destiny 140 of truy stock for 512 per share on Hay 10, 2019, Destiny sets the remaining 400 shares of its treasury stock for $6 per share Required: Prepare the journal entries to record these transactions 2019 Feb. 1 (Record purchase of treasury shares) Mar. 1 1001 100 0 1000 101 ] (Record reissue of treasury shares) May 10 (Record reissue of treasury shares)

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