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Prepare the journal entries required on january

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Problem 1: On january 10, a candle corporation purchased 5000 shares of its own common stock at $17.50 per share. on august 4 a total of 1,000 candle treasury shares were sold at $19.00 per share. These are the only treasury stock transactions ever made by candle. prepare the journal entries required on january 10 and august 4

Reference no: EM132808373

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