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Record the following treasury stock transactions of Sanchez Corporation in general journal form: (10 points) a. Bought back 1,000 shares of its own $10 par

Record the following treasury stock transactions of Sanchez Corporation in general journal form: (10 points)

a. Bought back 1,000 shares of its own $10 par common stock for $40 per share.

b. Sold 500 treasury shares for $45 per share.

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