Discuss write the journal entry jell corp

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Reference no: EM131749656

On 4-15-17, Jell Corporation repurchased 1,000 shares of its $40 par value common stock at $25 per share.

Write the journal entry Jell Corp. used to record this transaction:

What is the effect on Jell Corp.'s overall accounting equation?

Reference no: EM131749656

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