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please help On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued

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On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $20 per share on February 1, Vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for 521 per share on March 1. The Journal entry for the purchase of the treasury shares on February 1 would include a Oa debit to Treasury Stock for $90,000 b. credit to Treasury Stock for $90,000 Occredit to gain account for $112.500 Od debit to a loss account for $112.500

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