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Surfer Girl Clothing Company issues 1,000 shares of $1 par value common stock at $25...

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Accounting

Surfer Girl Clothing Company issues 1,000 shares of $1 par value common stock at $25 per share. Later in the year, the company decides to purchase 100 shares at a cost of $28 per share.

Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required"

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