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Journal entry worksheet Record the repurchase of 16.0 million shares using information from Note 20 , Share Repurchase. Note: Enter debits before credits. Target Corporation

image text in transcribedimage text in transcribed Journal entry worksheet Record the repurchase of 16.0 million shares using information from Note 20 , "Share Repurchase". Note: Enter debits before credits. Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1, 2020, are This material also is available under the Investor Relations link at the company's website Target reters to its Shareholders' Equity as Shareholders' Investment. Required: 1. Note 20, "Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 1, 2020. Provide that entry. 2. Does Target account for share repurchases as (a) treasury stock or (b) retired shares? Complete this question by entering your answers in the tabs below. Note 20, "Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 1, 2020. Provide that entry. 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 rounded to nearest whole number (i.e., 10,100,000 should be entered as 10). Journal entry worksheet Record the repurchase of 16.0 million shares using information from Note 20 , "Share Repurchase". Note: Enter debits before credits. Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1, 2020, are This material also is available under the Investor Relations link at the company's website Target reters to its Shareholders' Equity as Shareholders' Investment. Required: 1. Note 20, "Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 1, 2020. Provide that entry. 2. Does Target account for share repurchases as (a) treasury stock or (b) retired shares? Complete this question by entering your answers in the tabs below. Note 20, "Share Repurchase," provides the information we need to reconstruct the journal entry that summarizes Target's share repurchases in the year ended February 1, 2020. Provide that entry. 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 rounded to nearest whole number (i.e., 10,100,000 should be entered as 10)

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