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    Treasury Stock Transactions: Complete journal entries

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    Treasury Stock Transaction

    Nature corporation engaged in the folloiwing treasury transactions during current year.

    Aug 25 - Purchased 4,000 shares of treasury stock at $50 per share.
    Oct 10 - Reissued 1,500 shares of treasury stock acquired on Aug 25 at price of $58 per share.
    Dec 15 - Reissued 1,000 shares of treasury stock at $46 per share


    Complete three journal entries to record these treasury stock transactions.

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    Solution Summary

    The expert examines treasury stock transactions for complete journal entries.