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Recumbence Incomporated purchased 5,000 ahares of its mwn stock for a total of 340,000 . Later, it resold 4,000 of those shares for a total

Recumbence Incomporated purchased 5,000 ahares of its mwn stock for a total of 340,000 . Later, it resold 4,000 of those shares for a total of $48,000. What joumal entry should Recumbence make to account for the resale of the treasury stock

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