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Poolside LLP decided to repurchase shares of their own stock, with cash, on December 31, 2020. The company purchased 3,000 shares of stock with
Poolside LLP decided to repurchase shares of their own stock, with cash, on December 31, 2020. The company purchased 3,000 shares of stock with a par value of $10 per share. The repurchase price was $15 per share. Prepare the journal entry for Poolside to repurchase these shares of stock on December 31, 2020.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
