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Question 2 of 5 0.88/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. On September 5, Teal Mountain Corporation
Question 2 of 5 0.88/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. On September 5, Teal Mountain Corporation acquired 3,000 shares of its own $1 par common stock for $22 per share. On October 15, 1,800 shares of the treasury stock are sold for $25 per share. Journalize the purchase and sale of the treasury stock assuming that the company uses the cost method. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation Debit Credit Sept. 5 Treasury Stock 66000 Cash 66000 Oct. 15 Cash 45000 Treasury Stock 66000 Paid-in Capital from Treasury Stock k9000 e Textbook and Media List of Accounts Save for Later Last saved 5 seconds ago. Attempts: 3 of 5 used Submit
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