Journal entries-common stock reacquired

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Reference no: EM1357315

Record the following transactions of a company in a 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.

Reference no: EM1357315

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