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*Do It! Review 13-02b Sheffield Corporation purchased 3,600 shares of its $11 par value common stock for $241,200 on August 1. It will hold these

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*Do It! Review 13-02b Sheffield Corporation purchased 3,600 shares of its $11 par value common stock for $241,200 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,160 shares of treasury stock for cash at $74 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Question Attempts: 0 of 3 used

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