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On January 1, 2020, the equity section of Flint Stores shows share capital-ordinary (7 par value) 2,100,000; share premium- ordinary 1,100,000; and retained earnings

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On January 1, 2020, the equity section of Flint Stores shows share capital-ordinary (7 par value) 2,100,000; share premium- ordinary 1,100,000; and retained earnings 1,170,000. During the year, the following treasury share transactions occurred. Mar. 1 Purchased 52,000 shares for cash at 15 per share. July 1 Sold 10,000 treasury shares for cash at 17 per share. Sept. 1 Sold 8,000 treasury shares for cash at 14 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

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