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On Apr 2 a corporation purchased for cash 6,000 shares of its own $12 par common stock at $29 a share. It sold 4.000 of
On Apr 2 a corporation purchased for cash 6,000 shares of its own $12 par common stock at $29 a share. It sold 4.000 of the treasury shares at $123 share on June 10. The remaining 2,000 shares were sold on November 10 for $25 a share 2. Journalize the entries to record the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank b. Journalise the entries to record the sale of the stock. If an amount box does not require antit bank & 8 O R T Y U o P G N M A corporation has 50,000 shares of 25 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 5-for-1 stock soit, the market value of the stock after the set will be approximately & 8 9 R T U 0 P F G H J K L V
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