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On March 1, Pancakes Incorporated purchased 5,000 shares of its common stock paying $18 per share. What is the journal entry to record the repurchase

On March 1, Pancakes Incorporated purchased 5,000 shares of its common stock paying $18 per share. What is the journal entry to record the repurchase of common stock on March 1?


a) Dr Cash 90,000; Cr Treasury Stock 90,000 


b) Dr Treasury Stock 90,000; Cr Cash 90,000 


c) Dr Cash 90,000; Cr Common Stock 90,000 


d) Dr Common Stock 90,000; Cr Cash 90,000

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