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In the current year, a company entered into the transactions described below. Three years prior, the company had issued 175 million shares of its $1

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In the current year, a company entered into the transactions described below. Three years prior, the company had issued 175 million shares of its $1 par common stock at $31 per share. Required: Assuming that the company retires shares it reacquires, record the appropriate joumal entry for each of the following transactions that occurred in the current year: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). 1. On January 2 , the company reacquired 14 million shares at $29.50 per share. 2. On March 3, the company reacquired 14 million shares at $33 per share. 3. On August 13, the company sold 1 million shares at $39 per share. 4. On December 15 , the company sold 2 miliion shares at $33 per share

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