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Required information [The following information applies to the questions displayed below.) Part 1 of 2 California Surf Clothing Company issues 1,000 shares of $1 par
Required information [The following information applies to the questions displayed below.) Part 1 of 2 California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $19 per share. 10 points Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook Print View transaction list References Journal entry worksheet Record the purchase of treasury stock. Required information [The following information applies to the questions displayed below.) Part 2 of 2 California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $19 per share. points Record the transaction if California Surf resells the 100 shares of treasury stock at $21 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook Print View transaction list References Journal entry worksheet Record the sale of treasury stock. Note: Enter debits before credits
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