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Brief Exercise 15-8 Sage Inc. has outstanding 13,300 shares of $10 par value common stock....

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Accounting

Brief Exercise 15-8

Sage Inc. has outstanding 13,300 shares of $10 par value common stock. On July 1, 2017, Sage reacquired 111 shares at $88 per share. On September 1, Sage reissued 62 shares at $92 per share. On November 1, Sage reissued 49 shares at $86 per share. Prepare Sages journal entries to record these transactions using the cost method.

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