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Business, 13.04.2021 02:30 jaylaa04

Exercise 11-07 Sunland Company purchased from its stockholders 5,000 shares of its own previously issued stock for $240,000. It later resold 1,950 shares for $51 per share, then 1,950 more shares for $46 per share, and finally 1,100 shares for $40 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.

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Exercise 11-07 Sunland Company purchased from its stockholders 5,000 shares of its own previously is...

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