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    Treasury Stock - Sale & Purchase

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    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 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.

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    https://brainmass.com/business/accounting/treasury-stock-sale-purchase-309989

    Solution Preview

    A Debit Treasury Stock - 320,000
    Credit Cash - 320,000 (40*8000)

    B Debit ...

    Solution Summary

    The solution provides journal entry for treasury stock sale & purchase transactions.

    $2.19

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