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Question - On Mar 1, 2017, Alpha Company purchased 50,000 shares of its own stock that was previously issued to investors and paid $15 per share.

On July 1, 2017 Alpha sold 10,000 of the treasury shares for cash at $17 per share.

On Sept 1, 2017 Alpha sold 8,000 treasury shares for cash at $12 per share.

Use the information above to Alpha Company's general journal entries for the treasury transactions.

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  • Category:- Accounting Basics
  • Reference No.:- M92512618
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