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On July 1, Harvest Company purchases 550 shares of its $5 par value common stock...

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Accounting

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On July 1, Harvest Company purchases 550 shares of its $5 par value common stock for the treasury at a cash price of $8 per share. On September 1, it sells 250 shares of the treasury stock for cash at $11 per share. Journalize the two treasury stock transactions. General Journals To record the purchase of treasury stock

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