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SHORT ANSWER Calloway Company has outstanding 100,000 shares of $1 par value common stock. On February 1, 2020, the company re-acquired 1,200 shares at $53

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SHORT ANSWER Calloway Company has outstanding 100,000 shares of $1 par value common stock. On February 1, 2020, the company re-acquired 1,200 shares at $53 per share. On April 17, the company reissued 600 shares at $72 per share. On June 1, the company reissued 400 shares at $43 per share. Using the cost method, prepare journal entries for a. February 1 b. April 17 c. June 1

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