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Prior to June 1. Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares of its
Prior to June 1. Sandler Company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares of its common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1 the company sold the remaining 50 shares at $46 per share Complete the journal entry for the sale of the treasury stock on July 1 by selecting the account names from the drop down menus and entering the dollar amounts in the debit or credit columns Answer is not complete. No Date General Journal Debit Credit July 01 Treasury stock 5.000 5.000
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