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Exercise 11-12A Treasury stock transactions LO 11-5 Elroy Corporation repurchased 1600 shares of its own stock for $40 per share. The stock has a par

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Exercise 11-12A Treasury stock transactions LO 11-5 Elroy Corporation repurchased 1600 shares of its own stock for $40 per share. The stock has a par of $5 per share. A month later, Elroy resold 400 shares of the treasury stock for $48 per share. Required What is the balance of the Treasury Stock account after these transactions? Balance of treasury stock

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