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Prepare journal entries for the following assuming that there was: Common Stock, $10 par, 10,000 shares outstanding $100,000 $10,00 APaid-In Capital - Common $200,000 $10,00

Prepare journal entries for the following assuming that there was:

Common Stock, $10 par, 10,000 shares outstanding $100,000 $10,00

APaid-In Capital - Common $200,000 $10,00

Retained earnings $400,000

1-Jan Purchased 2,000 shares of the corporation's own stock for $22,00 and retired permanently

20-Jan Purchased 2,000 shares of the corporation's own stock for $9.00 and retired permanently

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