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Question 12 3.33 pts Prior to September 30, Lipton Company has never had any treasury stock transactions. Lipton Company repurchased 1,000 shares of its $2

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Question 12 3.33 pts Prior to September 30, Lipton Company has never had any treasury stock transactions. Lipton Company repurchased 1,000 shares of its $2 par common stock on September 30 for $20 per share. On October 2. It reissued 400 of these shares at $21 per share. On October 12, it reissued the remaining 600 shares at $19 per share. The Journal entry to record the reissuance of the shares on October 12 would be 11.400 Cash Treasury Stock Pald in Capital, Treasury Stock 800 10,600 b. Sash pidin Capital, Treasury Stock Treasury Stock 11,400 600 12,000 C Cash Pald in Capital in Excess of Par Value, Common Retained Earn Treasury Stock 11,400 200 400 12,000 d. Cash Paid in Capital, Treasury Stock Treasury Stock 11,400 600 12,000 e. Cash Paid in Capital, Treasury Stock Retained Earnings Treasury Stock 11,400 400 200 12,000

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