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Perez Corporation -Journal Entries

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Journalize the two treasury stock transactions.

On July 1, Perez Corporation purchases 500 shares of its own $5 par value common stock at a cash price of $7 per share. On September 1, it sells 300 shares of the treasury stock for cash at $10 per share.

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Journalize the two treasury stock transactions.

On July 1, Perez Corporation purchases 500 shares of its own $5 par ...

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