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PROBLEM 9(8 points) Prepare the general journal entries to record these treasury stock transactions: a) Jackson Corporation reacquires 1,800 of its own $5 par common
PROBLEM 9(8 points) Prepare the general journal entries to record these treasury stock transactions: a) Jackson Corporation reacquires 1,800 of its own $5 par common shares in the open market at $100 per share. b) Jackson Corporation reissued 1,000 shares of the treasury stock originally purchased for $100 per share. The shares were reissued at $125 per share. c) Jackson Corporation reissued 500 shares of the treasury stock originally purchased for $100 per share. The shares were reissued at $90 per share
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