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Journal entry for the following: a. company a sold phones to be delivered to customers in Dec 2022 for 5,000. customers paid in cash. b.

Journal entry for the following:

a. company a sold phones to be delivered to customers in Dec 2022 for 5,000. customers paid in cash.

b. company a repurchased 100 of common stock. it has a market value of $5/ share. to repurchase, it costed $8/share.

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