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Peebles Company purchased 2,000 shares of its own 5 par value ordinary shares, paying 14 per share. The shares were originally sold for 9 each.
Peebles Company purchased 2,000 shares of its own 5 par value ordinary shares, paying 14 per share. The shares were originally sold for 9 each. The journal entry to record the purchase of treasury shares includes a debit to Select one: O a. Cash 10,000 b. Share Premium-Ordinary for 8,000 O c. Share Capital-Ordinary for 10,000 O d. Treasury Shares for 28,000. Clear my choice
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