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The entry to record the purchase of 100 shares of treasury stock purchased for $10 while the market value is $9 per share is: Treasury
The entry to record the purchase of 100 shares of treasury stock purchased for $10 while the market value is $9 per share is:
| Treasury stock - common 900 Cash 900 |
| Treasury stock - common 900 Retained earnings 900 |
| Treasury stock - common 1,000 Cash 1,000 |
| Treasury stock - common 1,000 Retained earnings 1,000 |
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