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Company A repurchased 25,000 shares of their stock at $15 a share. The companys board of directors believed this was a great opportunity to repurchase

Company A repurchased 25,000 shares of their stock at $15 a share. The companys board of directors believed this was a great opportunity to repurchase their shares as they were priced way under what they believe they should be worth.

Prepare the journal entry for the repurchasing of those shares.

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