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Please Answer and explain both questions. I could not get the last 2 answers for the second question in the snapshot. They are typed below.
Please Answer and explain both questions. I could not get the last 2 answers for the second question in the snapshot. They are typed below.
On the 2nd question the last 2 answers (including the two listed in the snapshot) are:
Debit Cash $25,000; Credit Treasury Stock $25,000
Debit Cash $25,000; credit Treasury Stock $20,000, credit additional paid in capital-treasury stock, $5,000
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