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Do It! Review 11-2b Sheridan Company purchased 2,100 shares of its $9 par value common stock for $138,600 on August 1. It will hold these
Do It! Review 11-2b Sheridan Company purchased 2,100 shares of its $9 par value common stock for $138,600 on August 1. It will hold these shares in the treasury until resold. On December 1, corporation sold 1,260 shares of treasury stock for cash at $73 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Aug. 11 Dec. 1 Question Attempts: 0 of 3 used SAVE FOR LATER su
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