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Llewelyn Company Purchased 1,000 Shares of Its Own $10 Par

Question 59

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Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per share.Which of the following journal entries would be used to record the purchase of treasury stock?


A) Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per share.Which of the following journal entries would be used to record the purchase of treasury stock? A) B) C) D)
B) Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per share.Which of the following journal entries would be used to record the purchase of treasury stock? A) B) C) D)
C) Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per share.Which of the following journal entries would be used to record the purchase of treasury stock? A) B) C) D)
D) Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per share.Which of the following journal entries would be used to record the purchase of treasury stock? A) B) C) D)

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