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help please asap! Exercise 11-12A (Algo) Treasury stock transactions LO 11-5 Elroy Corporation repurchased 3,400 shares of its own stock for $50 per share. The
help please asap!
Exercise 11-12A (Algo) Treasury stock transactions LO 11-5 Elroy Corporation repurchased 3,400 shares of its own stock for $50 per share. The stock has a par of $5 per share. A month later, Elroy resold 850 shares of the treasury stock for $58 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. Record the two events in general joumal format. (If no entry is required for a tranisctiondevent, select "lio joumal entry required" in the first account fieid.) Journal entry worksheet Elroy Corporation repurchased 2,400 ahares of its own atock for 550 per ahare. Record the transaction. Record the two events in general journal format. (If no entry is required for a transaction/event, select "f first account field.) Journal entry worksheet Elroy Corporation repurchased 3,400 shares of its own stock for $50 per share. Record the transaction. Note: Enter debits before credits. Record the two events in general joumal fomat. (If no entry is required for a transaction/event, select first account field.) Journal entry worksheet The stock has a par of $5 per share. A month later, Elroy resold 850 shares of the treasury stock for $58 per share. Record the transaction. Note: Enter debits before credits Step by Step Solution
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