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What is the balance of the treasury stock account after these transactions? Record the two events in general journal format. (If no entry is required
What is the balance of the treasury stock account after these transactions? Record the two events in general journal format. (If no entry is required first account field.) Elroy Corporation repurchased 3,000 shares of its own stock for $50 per share. Record the transaction. The stock has a par of $10 per share. A month later, Elroy resold 750 shares of the treasury stock for $58 per share. Record the transaction. Elroy Corporation repurchased 3,000 shares of its own stock for $50 per share. The stock has a par of $10 per share. A month later, Elroy resold 750 shares of the treasury stock for $58 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions
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