Essay
Record the following transactions of a company in general journal form:
(a)Reacquired 8,000 of its own $10 par value common stock at $40 cash per share.The stock was originally issued at $15 per share.
(b)Sold 2,000 shares of the stock reacquired under part (a)at $43 cash per share.
(c)Sold 3,000 shares of the stock reacquired under part (a)at $39 cash per share.
Correct Answer:
Verified
Correct Answer:
Verified
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