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In 2018, Southwestern Corporation Completed the Treasury Stock Transactions Listed

Question 109

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In 2018, Southwestern Corporation completed the treasury stock transactions listed below. In 2018, Southwestern Corporation completed the treasury stock transactions listed below. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago. Required: Prepare the journal entries to record the above transactions, using the cost method. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago.
Required:
Prepare the journal entries to record the above transactions, using the cost method.

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