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On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $29 a share. It sold 4,000 of

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On April 2 a corporation purchased for cash 7,000 shares of its own $11 par common stock at $29 a share. It sold 4,000 of the treasury shares at $32 a share on June 10 . The remaining 3,000 shares were sold on November 10 for $25 a share. Required: a. Joumatize the entries to recard the purchase (treasury stock is recorded at cost). " b. Journalize the entries to record the sale of the stock." 'Refer to the Chart of Accounts for exact wording of account tities. Instruction Eeneral Joumal joucrel. ACCOURTHIG EQUATION D. toumalise the enthes to record the sale of the stack on dune to and November fo. Refer to the Chart of Accounts for exact wording of accourt bisis HOORENA ACCOUNTING EQUATION Fobt wer test cutcit

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