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Prepare the appropriate journal entry

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Question - The Wild Accounting Corporation reported the following transactions in 2014. For each event, prepare the appropriate journal entry:

a. Issued 10,000 shares of $5 par value common stock at $20 cash per share.

b. Purchased 6,000 shares of its own common stock (now treasury stock) at $30 cash per share

c. Sold 4,000 shares of treasury stock (purchased in b.) at $37 cash per share.

Reference no: EM132541252

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