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What are the journal entry on this problem

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Question - What are the journal entry on this problem. On April 1 Blue sea corporation share holders equity section showed the following:

Share capital, 10 par, 50,000 shares authorized, 25,000 issued 250,000

Share premium 375,000

Retained earnings 450,000

Treasury stock (8,000 shares at cost) (90,000)

Total 985,000

Reference no: EM132967844

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