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Exercise 13-10 Recording and reporting treasury stock transactions L.O. P3 On October 10, the stockholders equity of Noble Systems appears as follows. Common stock$10 par

Exercise 13-10 Recording and reporting treasury stock transactions L.O. P3 On October 10, the stockholders equity of Noble Systems appears as follows. Common stock$10 par value, 36,000 shares authorized, issued and outstanding $ 360,000 Paid-in capital in excess of par value, common stock 108,000 Retained earnings 432,000 Total stockholders equity $ 900,000 Prepare journal entries to record the following transactions for Noble Systems. 1a. Purchased 4,500 shares of its own common stock at $30 per share on October 11. (Omit the "$" sign in your response.) Date General Journal Debit Credit Oct. 11 1b. Sold 1,200 treasury shares on November 1 for $36 cash per share. (Omit the "$" sign in your response.) Date General Journal Debit Credit Nov. 1 1c. Sold all remaining treasury shares on November 25 for $25 cash per share. (Omit the "$" sign in your response.) Date General Journal Debit Credit Nov. 25 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.) $ Total Paid-in Capital Total Total stockholders equity $

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