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Sage Corporation has outstanding 2 2 , 0 0 0 shares of $ 5 par value common stock. On August 1 , 2 0 2
Sage Corporation has outstanding shares of $ par value common stock. On August Sage reacquired shares at $ per share. On November Sage reissued the shares at $ per share. Sage had no previous treasury stock transactions.
Prepare Sage's journal entries to record these transactions using the cost method.
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