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Elroy Corporation repurchased 3,600 shares of its own stock for $30 per share. The stock has a par of $20 per share. A month later

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Elroy Corporation repurchased 3,600 shares of its own stock for $30 per share. The stock has a par of $20 per share. A month later Elroy resold 900 shares of the treasury stock for $38 per share. Required: What is the balance of the Treasury Stock account after these transactions are recognized? Balance of treasury stock

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