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Dante, Inc. reacquired 20,000 shares of its common stock for $18 per share on January 31. On March 1 they sold 7,000 shares for $20
Dante, Inc. reacquired 20,000 shares of its common stock for $18 per share on January 31. On March 1 they sold 7,000 shares for $20 per share. On April 1 they sold 3,000 shares for $15 per share. What is the necessary journal entry for March 1? A. Cash 45,000 Treasury Stock 45,000 B Cash 140,000 Treasury Stock 105,000 Addl. Paid-in Capital from Treasury Stock Trans. 35,000 C. Cash 140,000 Treasury Stock 140,000 D. Cash 140,000 Treasury Stock Addl. Paid-in Capital from Treasury Stock Trans 126,000 14,000
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