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Prepare the journal entries necessary to record transactions

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Question - Prepare the journal entries necessary to record Dao Company's following stock transactions during 2014:

Oct. 1 Purchased 2,000 shares of its own $2 par value common stock for $20 per share, the current market price.

Oct. 17 Sold 500 shares of treasury stock purchased on October 1 for $25 per share.

Oct. 21 Sold 800 shares of treasury stock purchased on October 1 for $18 per share.

Reference no: EM133128575

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