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On March 7th, 2024 BlueStar Airlines purchased from its stockholders 8,000 shares of its own previously issued stock for $120,000. A) Record a JE recognizing

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On March 7th, 2024 BlueStar Airlines purchased from its stockholders 8,000 shares of its own previously issued stock for $120,000. A) Record a JE recognizing this buyback for the 8,000 shares? Using accounting component [Select) you are going to debit [Select] for the amount of [Select ] V ; you will then credit [Select] B) On July 22nd, 2024 BlueStar resold 5,000 shares of the 8,000 buyback) for $16.50 per share. Fill out the below table recognizing the re-sale of the 5,000 shares? Account DEBIT/CREDIT Amount Cash [Select] V [ Select

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