Greyson Corporation has 5,000 shares of $50 par value common stock outstanding. The company conducts...
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Accounting
Greyson Corporation has 5,000 shares of $50 par value common stock outstanding. The company conducts the following treasury stock transactions:
- Purchased 400 shares of its common stock at $62
- Sold 60 treasury shares at $68
- Sold 120 treasury shares at $60
- Sold 100 shares at $58
Required
Prepare the journal entries necessary to record these transactions.
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