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Required information [The following information applies to the questions displayed below.] Mango designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and
Required information [The following information applies to the questions displayed below.] Mango designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Mango employs over 92,000 people in the United States. A recent statement of cash flows contained the following information (in millions): Cash flows from financing activities: Repurchases of common stock Year 3 Year 2 Year 1 (67,397) (73,238) (33,400) 2. Assume that Mango resold some of the treasury stock. The shares were originally purchased for $9.5 million and were resold for $11.0 million. Prepare the journal entry to record the sale of the treasury shares. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,000,000 should be entered as 5.5). View transaction list Journal entry worksheet 1 Record the sale of treasury stock. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal
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