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Evil Corporation (EC) currently has: 200 000 common shares issued at $17 per share. On February 15th, 2020, Evil corporation pays $150,000 to reacquire 10

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Evil Corporation (EC) currently has: 200 000 common shares issued at $17 per share. On February 15th, 2020, Evil corporation pays $150,000 to reacquire 10 000 common shares. The contributed surplus account has a balance of $20,000 Credit. Make the journal entry to record this transaction. (4 marks)

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