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prepare entries in journal form without explantations to record the above transactions. 2. Blofish Corporation had 150,000 shares of $1 par value common stock outstanding.
prepare entries in journal form without explantations to record the above transactions.
2. Blofish Corporation had 150,000 shares of $1 par value common stock outstanding. These shares were sold soon after the IPO in March 2010, at \$4 per share. The following stock transactions for the year 2018 is given to you. Jun 5 Purchased 20,000 shares of their own common stock for cash at the current market price of $6 per share. 12 Sold 8,000 shares of Treasury stock for $8 per share 18 Sold 6,000 shares of Treasury stock for $5 per share 22 Retired the balance of treasury stock Step by Step Solution
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