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Question 2 On July 1, Ivanhoe Industries purchases 600 of its HK$36 par value ordinary shares for the treasury at a cash price of HK$99

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Question 2 On July 1, Ivanhoe Industries purchases 600 of its HK$36 par value ordinary shares for the treasury at a cash price of HK$99 per share. On September 1, it sells 230 treasury shares for cash at HK$109 per share. Journalize the two treasury share transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

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