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Elroy Corporation repurchased 2,900 shares of its own stock for $55 per share. The stock has a par of $10 per share. A month

Elroy Corporation repurchased 2,900 shares of its own stock for $55 per share. The stock has a par of $10 per share. A month later Elroy resold 725 shares of the treasury stock for $63 per share. Required What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock $ 118,250

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