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Mircro Apple Inc. is a publicly traded company. The company has extra cash and wants to repurchase some of its stock. On May 15th they

Mircro Apple Inc. is a publicly traded company. The company has extra cash and wants to repurchase some of its stock. On May 15th they purchase 1,000 shares at $120 per share. Which is the correct journal entry to record this transaction?

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