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QUESTION
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...
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.
