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On July 1, Riverbed Corporation purchases 600 shares of its $7 par value common stock for the treasury at a cash price of $10 per

On July 1, Riverbed Corporation purchases 600 shares of its $7 par value common stock for the treasury at a cash price of $10 per share. On September 1, it sells 350 shares of the treasury stock for cash at $14 per share. Journalize the two treasury stock transactions.

Please use notes for calculations

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