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Show and make the journal entries to record transactions

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Reference no: EM132584105

Indigo Ltd. sold 9,600 common shares at $15/share on September 15, 2021. On November 22, 410 of these shares were repurchased and cancelled at $12/share. On December 10, another 410 shares were repurchased at $21/share and cancelled.

Question 1: Prepare the journal entries to record these transactions.

Reference no: EM132584105

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