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Current Attempt in Progress Sheridan Corporation has outstanding 2 2 , 0 0 0 shares of $ 5 par value common stock. On August 1
Current Attempt in Progress
Sheridan Corporation has outstanding shares of $ par value common stock. On August Sheridan reacquired shares at $ per share. On November Sheridan reissued the shares at $ per share. Sheridan had no previous treasury stock transactions.
Prepare the entry to retire the treasury shares remaining following the November reissuance. The shares were initially issued for $ per share. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry' for the account titles and enter O for the amounts.
tableDateAccount Titles and Explanation,Debit,CredittableNovember Common Stock,,Paidin Capital in Excess of Par Common Stock,,Retained Earnings,,Treasury Stock,,
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