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Entries for Stock that a corporation has once issued and then reacquires.Treasury Stock On May 27, Mama Mia Inc. reacquired 7,800 shares of its The

Entries for Stock that a corporation has once issued and then reacquires.Treasury Stock

On May 27, Mama Mia Inc. reacquired 7,800 shares of its The stock outstanding when a corporation has issued only one class of stock.common stock at $35 per share. On August 3, Mama Mia sold 4,200 of the reacquired shares at $38 per share. November 14, Mama Mia sold the remaining shares at $34 per share.

Journalize the transactions of May 27, August 3, and November 14.

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