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Elroy Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later,

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Elroy Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later, Elroy resold 900 shares of the treasury stock for $32 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.) View transaction list Journal entry worksheet Record the repurchase of own stock. Note Entdebits before credits General Journal Debit bent 1 Credit Record entry Clear entry View general journal in the first account field.) lit no entry is required for a transaction/event, sele eBook View transaction list Print Journal entry worksheet 1 2 Record the sale of repurchased stock. Note: Enter debits before credits. Event General Journal Dobit Credit 2 Record entry Clear entry View general journal

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