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Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 6,200 shares of its common stock at $47 per share. On August 3, Let
Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 6,200 shares of its common stock at $47 per share. On August 3, Let Loose sold 3,500 of the reacquired shares at $50 per share. November 14, Let Loose sold the remaining shares at $46 per share. Journalize the transactions of May 27, August 3, and November 14. For a compound transaction, if an amount box does not require an entry, leave it blank. May 27 Treasury Stock 291,400 Cash 291,400 Aug. 3 Cash 175,000 Treasury Stock Paid-In Capital from Sale of Treasury Stock 164,500 Accounting numeric field www. Nov. 14 Cash 124.200 Paid-In Capital from Sale of Treasury Stock 8.225,000 Treasury Stock 126,900 Feedback Check My Work reacquire the shares versus how much the shares are being resold for by the Recall that when a company reacquires shares of its own common stock, it is known as treasury stock. Pay attention to how much the company paid corporation
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