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Entries for Treasury Stock On May 27, Let Loose Inc. reacquired 80,000 shares of its common stock at $10 per share. On August 3, Let
Entries for Treasury Stock
On May 27, Let Loose Inc. reacquired 80,000 shares of its common stock at $10 per share. On August 3, Let Loose sold 50,000 of the reacquired shares at $13 per share. On November 14, Let Loose sold the remaining shares at $8 per share.
Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank.
May 27 |
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Aug. 3 |
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Nov. 14 |
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