Problem 4 - (10 Points) Star Corporation purchased from its stockholders 6.000 shares of its...
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Accounting
Problem 4 - (10 Points)
Star Corporation purchased from its stockholders 6.000 shares of its own previouslv issued stock for
$300,000. It later resold 2,000 shares for $63 per share, then 2,000 more shares for $59 per share, and
finally 1,000 shares for $52 per share.
Instructions:
Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock.
Problem 4-(10 Points) Star Corporation purchased from its stockholders 6.000 shares of its own previouslv issued stock for $300,000. It later resold 2,000 shares for $63 per share, then 2,000 more shares for $59 per share, and finally 1,000 shares for $52 per share. Instructions: Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock
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