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The Wild Accounting Corporation reported the following transactions in 2014.For each event, prepare the appropriate journal entry: a.Issued 10,000 shares of $5 par value common
The Wild Accounting Corporation reported the following transactions in 2014.For each event, prepare the appropriate journal entry:
a.Issued 10,000 shares of $5 par value common stock at $20 cash per share.
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b.Purchased 6,000 shares of its own common stock (now treasury stock) at $30 cash per share
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c.Sold 4,000 shares of treasury stock (purchased in b.) at $37 cash per share.
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