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Prepare skittles journal entries to record the transaction

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Problem1 : Skittles Inc. has outstanding 10,000 shares of P10 par value common stock. On July 1, 2019, Skittles reacquired 100 shares at P87 per share. On September 1, Skittles reissued 60 shares at P90 per share. On November 1, Skittles reissued 40 shares at P83 per share. Prepare Skittles' journal entries to record these transactions using the cost method.

Reference no: EM132698504

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