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Prepare the entry that russell corporation would make

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Reference no: EM132116294

Question - Recording the Purchase of Treasury Stock

Russell Corporation uses the cost method to account for treasury stock. On February 3, Russell purchases 3,000 shares of its own $2 par value common stock when it is trading for $15 per share.

Prepare the entry that Russell Corporation would make to record the purchase.

Reference no: EM132116294

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