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Chapter 8 Homework G Saved 5 Elroy Corporation repurchased 3,500 shares of its own stock for $30 per share. The stock has a par of

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Chapter 8 Homework G Saved 5 Elroy Corporation repurchased 3,500 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Elroy resold 875 shares of the treasury stock for $38 per share Required: What is the balance of the Treasury Stock account after these transactions are recognized? 10 points Balance of treasury stock eBook Print References

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