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Issuing and Repurchasing Stock Canary Corp. had the following transactions related to its common and...

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Issuing and Repurchasing Stock Canary Corp. had the following transactions related to its common and preferred stock: March 22 Sold 50,000 shares of $0.50 par common stock for $12 per share. Sold 2,000 shares of $10 par preferred stock at $14 per share. November 9 Repurchased 3,810 shares of the common stock at $20 per share. Required: Prepare the journal entries for these transactions. If an amount box does not require an entry, leave it blank. Mar. 22 Nov. 9

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