Garrett Inc. had no treasury stock at the beginning of the year. During February, Garrett...
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Garrett Inc. had no treasury stock at the beginning of the year. During February, Garrett purchased 12,600 shares of treasury stock at $23 per share. In May, Garrett sold 4,500 of the treasury shares for $25 per share. In November, Garrett sold the remaining treasury shares for $18 per share.
Prepare journal entries for the February, May, and November treasury stock transactions.
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