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In 2020, Elle Corp

Question 90

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In 2020, Elle Corp. acquired 9,000 of its own no par value common shares at $ 18 per share, to be held in the treasury. In 2021, Elle sold 6,000 of these shares at $ 25 per share. What accounts and what amounts should Elle credit in 2021 to record this sale? In 2020, Elle Corp. acquired 9,000 of its own no par value common shares at $ 18 per share, to be held in the treasury. In 2021, Elle sold 6,000 of these shares at $ 25 per share. What accounts and what amounts should Elle credit in 2021 to record this sale?

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