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Identifying and Analyzing Financial Statement Effects of Stock Issuance and Repurchase common stock at $98 cash per share. a. Using the financial statement effects template,

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Identifying and Analyzing Financial Statement Effects of Stock Issuance and Repurchase common stock at $98 cash per share. a. Using the financial statement effects template, illustrate the effects of these two transactions. Use negative signs with answers when appropriate. When applicable, enter total amount for contributed capital. b. Prepare the journal entries for the two transactions. c. Post the journal entries from b to the related T-accounts

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