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Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are retired. Note: If no
Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are retired. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ). Journal entry worksheet Record the purchase of 9 million shares at $14 per share assuming the shares are retired. Note: Enter debits before credits
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