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Prepare the journal entries necessary to record the following stock transaction of FitzPatrick Corporation. -June 1 Purchased 4,000 shares of its own $30 par value

Prepare the journal entries necessary to record the following stock transaction of FitzPatrick Corporation.

-June 1 Purchased 4,000 shares of its own $30 par value common stock for $70 per share. -July 1 Purchased 1,000 shares of its own $30 par value common stock for $20 per share.

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