On September 1, 2019, Valdez Company reacquired 12,000 shares of its 10 par value ordinary...
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Accounting
On September 1, 2019, Valdez Company reacquired 12,000 shares of its 10 par value ordinary shares for 15 per share. Valdez uses the cost method to account for treasury shares.
Required:
Prepare the journal entry to record the reacquisition of the shares.
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