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Do It! Review 8-3b Novak Corp. purchased 2,000 shares of its $12 par value common stock for $91,200 on August 1. Itwl hold these in
Do It! Review 8-3b Novak Corp. purchased 2,000 shares of its $12 par value common stock for $91,200 on August 1. Itwl hold these in the treasury until resold Prepare a tabular summary to record the treasury stock transaction. (If a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Stockholders' Equity Retained Earnings Cash +Common Stock + Treasury Stock+Revenuexpense Aug. 1 s Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS
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