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On September 12, 2021, Alana Company received $60 a share when reissuing 100 of the common stock shares reacquired on July 8, 2021. This is

On September 12, 2021, Alana Company received $60 a share when reissuing 100 of the common stock shares reacquired on July 8, 2021. This is the first time Alana has ever reissued reacquired shares.

Prepare the journal entry needed for Alana to properly record this transaction.

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