The following information is available at January 1, 2019:
During 2019, the following transactions occurred:
June 10
Repurchased 1,000 shares of its outstanding common stock for $10 per share.
July 1
Reissued 500 shares of treasury stock for $11 per share.
September 1
Reissued 500 shares of treasury stock for $8.50 per share.
Record journal entries for each of these 2019 transactions.
Correct Answer:
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