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Johnston, Inc., engaged in the following transactions involving treasury stock. Q; 1. What is the financial statement- Balance Sheet impact for each transaction? which component

Johnston, Inc., engaged in the following transactions involving treasury stock. Q; 1. What is the financial statement- Balance Sheet impact for each transaction? which component of B/S increase or decrease 2. Prepare general journal entries to record these transactions. 3. Compute the amount of retained earnings that should be restricted because of the treasury stock still owned at December 31. Feb. 10 Purchased for cash 17,000 shares of treasury stock at

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