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The following shareholders' equity section was taken from the books of Aubry Corporation at the beginning of the current year: (Click the icon to
The following shareholders' equity section was taken from the books of Aubry Corporation at the beginning of the current year: (Click the icon to view the data.) Read the requirements. Requirement a. Prepare the journal entries required to record each of the following events. (Record debits first, then credits. Exclude explanations from any journal entries.) Aubry acquired 15,000 shares of common stock at a cost of $16 per share to be retired immediately. (Round your interim calculation to four decimal places and your final answer to the nearest whole dollar.) Account Data table Current Year Common Stock, $10 par value, 1,000,000 shares authorized, $ 989,500 98,950 shares issued and outstanding Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from Treasury Stock Transactions Retained Earnings Print Done 120,000 0 1,545,000 -
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