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Prepare journal entries for the purchase of treasury shares

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Nanjing Ltd. purchased from its shareholders 5,000 shares of its own previously issued shares for ¥250,000. It later resold 1,300 shares for ¥54 per share, then 2,000 more shares for ¥49 per share, and ? nally 1,700 shares for ¥40 per share.

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Question 1: Prepare journal entries for the purchase of the treasury shares and the three sales of treasury shares (Journalize treasury share transactions)

Reference no: EM132566615

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