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Prepare carla journal entries to record transactions

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Question - Carla Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2017, Carla reacquired 190 shares at $85 per share. On November 1, Carla reissued the 190 shares at $76 per share. Carla had no previous treasury stock transactions.

Prepare Carla's journal entries to record these transactions using the cost method.

Reference no: EM131976477

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