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Whippet Industries Corporation has the following partial balance sheet information available at November 30, 2019 Shareholders' Equity Contributed Capital Common shares, 440,000 shares authorized 100,000

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Whippet Industries Corporation has the following partial balance sheet information available at November 30, 2019 Shareholders' Equity Contributed Capital Common shares, 440,000 shares authorized 100,000 shares issued and outstanding $ 800,000 Retained earnings 600.000 S 1.400.000 Total shareholders' equity If Whippet Industries repurchased 24 000 common shares on March 1, 2020, at a price of $2.50 per share, prepare the journal entry for the transaction Debit Accounts Credit Date 192.000 Mar 1 Common Shares 60,000 Cash 132.000 Contributed Surplus Share Repurchase Move your pointer over or tap on the cells with red arrows to see incorrect answers

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