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Jupiter Corp. has 1,000,000 shares of $3 par value common stock authorized. Record the journal entries for the following transactions. (e. is not journal entries)
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Jupiter Corp. has 1,000,000 shares of $3 par value common stock authorized. Record the journal entries for the following transactions. (e. is not journal entries)
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Jupiter sells 80,000 shares of stock at par value.
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Jupiter sells 70,000 shares of stock at $7 per share.
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Jupiter buys 10,000 shares of its own stock for $5.50 per share.
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Jupiter sells 2,000 of its treasury shares for $6.00 per share.
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How many shares of Jupiter stock are issued after d.? How many are outstanding?
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I need the appropriate journal entries for this problem.
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