journal entry

26. November 1tt, the CEO, in an effort to adjust ratios, ordered the repurchasing of the company's own stock. The quantity of stock repurchased was 160,000 shares. 27. Purchased a two-year building insurance policy on November 1tt for $335,000 cash. [Adjusting Entry Required] 28. On November 17th a customer paid $561,000 for work that the company will finish in January of 2023. 29. November 19th, customers bought 8,650 garden gnomes at $148 per unit. The cost of goods sold is determined by the method of inventory valuation used by the company. Customers paid 45% in cash and the remainder was on account