Solution-Record the two events in general journal format

Record the two events in general journal format

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Reference no: EM13915891

Moore Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Moore resold 2,500 shares of the treasury stock for $35 per share.

Required :

a. Record the two events in general journal format.

b. What is the balance of the treasury stock account after these transactions?

Reference no: EM13915891

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Record the two events in general journal format : Moore Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Moore resold 2,500 shares of the treasury stock for $35 per share.

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Record the two events in general journal format

Reference no: EM13915891

Reference no: EM13915891

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