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Dali's Dessert Company Provides the Following Information from the Stockholders

Question 42

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Dali's Dessert Company provides the following information from the Stockholders' Equity Section of the Balance Sheet:
 Common Stock, $1 par value, 100,000 shares issued and  putstanding $100,000 Additional Paid-in Capital in Excess of Par-Common 900,000 Additional Paid-in Capital-Retired Shares 15,000 Retained Earnings 1,125,000 Total Stockholders’ Equity $2,140,000\begin{array} { | l | r | } \hline \begin{array} { l } \text { Common Stock, } \$ 1 \text { par value, } 100,000 \text { shares issued and } \\\text { putstanding }\end{array} & \$ 100,000 \\\hline \text { Additional Paid-in Capital in Excess of Par-Common } & 900,000 \\\hline \text { Additional Paid-in Capital-Retired Shares } & 15,000 \\\hline \text { Retained Earnings } & 1,125,000 \\\hline \text { Total Stockholders' Equity } & \$ 2,140,000 \\\hline\end{array}
Dali acquired 15,000 shares of common stock in the open market at a price of $12 per share and retired the shares. What is the journal entry to record this transaction?

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\[\begin{array} { | l | r | r | }
\hlin...

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