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Elroy Corporation repurchased 2,300 shares of its own stock for $40 per share. The stock has a par of $20 per share. A month later,
Elroy Corporation repurchased 2,300 shares of its own stock for $40 per share. The stock has a par of $20 per share. A month later, Elroy resold 575 shares of the treasury stock for $48 per share. Required a. Record the two events in general journal format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet
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