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Pronghorn Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1,...

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Accounting

Pronghorn Corporation has outstanding 22,000 shares of $5 par value common stock. On August 1, 2017, Pronghorn reacquired 220 shares at $83 per share. On November 1, Pronghorn reissued the 220 shares at $73 per share. Pronghorn had no previous treasury stock transactions. Prepare Pronghorns journal entries to record these transactions using the cost method

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