Elroy Corporation repurchased 1,900 shares of its own stock for $60 per share. The stock...
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Accounting
Elroy Corporation repurchased 1,900 shares of its own stock for $60 per share. The stock has a par of $20 per share. A month later Elroy resold 475 shares of the treasury stock for $68 per share. Required What is the balance of the Treasury Stock account after these transactions are recognized
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