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SE 11.9 Johnston, Inc., engaged in the following transactions involving treasury stock: Feb. 10 June 4 Reissued 6,000 shares of treasury stock at a price

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SE 11.9 Johnston, Inc., engaged in the following transactions involving treasury stock: Feb. 10 June 4 Reissued 6,000 shares of treasury stock at a price of S33 per share. Dec. 22 Reissued 4,000 shares of treasury stock at a price of $22 per share. a. Prepare general journal entries to record these transactions. b. Compute the amount of retained earnings that should be restricted because of the treasury g Treasury ansactions Purchased for cash 17.000 shares of treasury stock at a price of $25 per share. stock still owned at December 31. c. Does a restriction on retained earnings affecet the dollar amount of retained earnings reported in the balance sheet? Explain briefly

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