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On May 3, Lassman Corporation purchased 3,000 shares of its own stock for $27,000 cash. On November 4, Lassman reissued 750 shares of this treasury

On May 3, Lassman Corporation purchased 3,000 shares of its own stock for $27,000 cash. On November 4, Lassman reissued 750 shares of this treasury stock for $7,080. Prepare the May 3 and November 4 journal entries to record Lassman

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