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On May 15, Jacanda Company paid $5,000 to require 1,000 of its common shares. The common shares balance on Jacandas books before the reacquisition was

On May 15, Jacanda Company paid $5,000 to require 1,000 of its common shares. The common shares balance on Jacandas books before the reacquisition was $4,000,000 for its 1,000,000 shares issued and outstanding. How much does Jacanda record as a debit to common shares?

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