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r $1,0.00 and rs' equity section of Newlin Corporation shows common stock ($ retained earnings $1,200,000. During the year, the following treasury stock transactions occurred.

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r $1,0.00 and rs' equity section of Newlin Corporation shows common stock ($ retained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Mar 1 Purchased 50,000 shares for cash at $15 per share. July 1 Sold 10,000 treasury shares for cash at $17 per share. Sept. 1 Sold 8,000 treasury shares for cash at $14 per share. ournalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit amount is entered. Do not indent manually. If no entry is required, select "No Entry" For the account titles and enter o for the amounts.) Debit Credit

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