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For 2 it asks Reacquired 2.4 million shares at $8.70 for 3 it asks Sold 5.4 million shares at $11.70. Saved 12 The December 31,

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For 2 it asks "Reacquired 2.4 million shares at $8.70"

for 3 it asks "Sold 5.4 million shares at $11.70."

image text in transcribed
Saved 12 The December 31, 2018, balance sheet of Springer Company included the following: Common stock, 19.4 million shares outstanding at $1 par Paid-in capital-excess of par $ 19, 400, 000 Retained earnings 97 , 090, 090 9 090'000601 points Springer completed the following transactions in 2018 relating to treasury stock: 03:26:28 March 17: Reacquired 4.4 million shares at $9.40. May 17: Reacquired 2.4 million shares at $8.70. August 10: Sold 5.4 million treasury shares at $11.70. Required: Prepare journal entries to record the foregoing transactions on a FIFO basis. (If no entry is required for a transaction/event, select 'No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e., 5,500,000 should be entered as 5.500).) View transaction list Journal entry worksheet 2 3 Reacquired 4.4 million shares at $9.40. Note: Enter debits before credits. Date General Journal Debit Credit March 17, 2018 Record entry Clear entry View general journal

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