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Make the journal entry to record the reacquisition on May

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Reference no: EM132768318

Question - Flecer Company began operation on January 1, 2033. On January 1, the company issued 10,000 shares of $8 par value common stock for $19 per share. On May 1, Flecer Company reacquired 6,000 of these shares at a cost of $14 per share. Make the journal entry to record the reacquisition on May 1?

Reference no: EM132768318

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