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On December 30, Seaside purchased 125 shares of treasury stock at $10 per share. 1.Journalize the purchase of the treasury stock. 2. Prepare the stockholders'
On December 30, Seaside purchased 125 shares of treasury stock at $10 per share.
1.Journalize the purchase of the treasury stock. | |
2. | Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30. |
3. | How many shares of common stock are outstanding after the purchase of treasury stock? |
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