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Journalize the transactions of february

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Lava Lake Inc. bottles and distributes spring water. On February 11 of the current year, Lava Lake reacquired 5,900 shares of its common stock at $90 per share. On April 30, Lava Lake Inc. sold 4,100 of the reacquired shares at $97 per share. On August 22, Lava Lake Inc. sold 1,800 shares at $86 per share.

Problem a. Journalize the transactions of February 11, April 30, and August 22.

Reference no: EM132936243

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