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On February 16, Hollie Home Goods, Incorporated (HHG) acquired 5.000 shares of its own shares at a cost of $40 per share. On April
On February 16, Hollie Home Goods, Incorporated (HHG) acquired 5.000 shares of its own shares at a cost of $40 per share. On April 29, HHG sold 2,000 of the 5,000 shares of its treasury stock for $65 per share. On June 4, HHG sold the remaining 3,000 shares of treasury stock for $10 per share. What are the necessary journal entries to record these transactions? (Record debits first, then credits Exclude explanations from any journal entries.) On February 16, Hollie Home Goods, Incorporated (HHG) acquires 5.000 shares of its own shares at a cost of $40 per share Account February 16 On April 29, HHG sells 2.000 of the 5.000 shares of its treasury stock for $65 per share.
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