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Q2: Treasury stock. (25 points) Epson Company's balance sheet shows: Common stock, $20 par $3,000,000 Paid-in capital in excess of par 1,050,000 Retained earnings 750,000

Q2: Treasury stock. (25 points) Epson Company's balance sheet shows: Common stock, $20 par $3,000,000 Paid-in capital in excess of par 1,050,000 Retained earnings 750,000 Instructions Record the following transactions by the cost method. (a) Bought 12,000 shares of its common stock at $29 a share. (b) Sold 6,000 treasury shares at $30 a share. (c) Sold 3,000 shares of treasury stock at $26 a share

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