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Quadrant Corporation originally issued its common shares at $40 per share. (1) Prepare a journal entry to record the retirement of 600 shares if Quadrant
Quadrant Corporation originally issued its common shares at $40 per share.
(1) Prepare a journal entry to record the retirement of 600 shares if Quadrant Corporation paid $25 per share.
(2) Prepare a journal entry to record the retirement of 600 shares if Quadrant Corporation paid $60 per share. Quadrant has $8,000 in contributed capital from the previous retirement of common shares.
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