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LO2. How is the issuance of stock accounted for? When issuing common stock at par value, the journal entry would be to debit credit a)
LO2. How is the issuance of stock accounted for? When issuing common stock at par value, the journal entry would be to debit credit a) and LO3. How is treasury stock accounted for? a) What is treasury stock? b) Why might a company later reacquire some of its own stock as treasury stock? c) ABC company recently repurchased some of its own stock as treasury stock for $1,000. The company is now selling the treasury stock for $1,100. The journal entry would be: Debit Credit Date Accounts and Explanation
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