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Question 1 (10 points) Apollo Corporation reported the following transactions during the year (listed below). Prepare journal entry for each of these transactions under the
Question 1 (10 points) Apollo Corporation reported the following transactions during the year (listed below). Prepare journal entry for each of these transactions under the cost method of accounting for treasury stock. a. Purchased 500 shares of capital stock to be held as treasury stock, paying $65 per share [3 points) b. Sold 400 of the shares of treasury stock at $69 per share [3 points) c. Sold the remaining shares of treasury stock at $49 per share [4 points)
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