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The Norseman Corporation issued common shares for $45 each. Two years later, on June 10, 1,000 shares were repurchased and retired at a cost of
The Norseman Corporation issued common shares for $45 each. Two years later, on June 10, 1,000 shares were repurchased and retired at a cost of $40 each. Present the general journal entry to record the June 10 transaction
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