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shares of the treasury stock

shares of the treasury stock



On September 5, Borton Corporation acquired 2,500 shares of its own $1 par common stock for $23 per share. On October 15, 1,000 shares of the treasury stock is sold for $25 per share.

Instructions
Journalize the purchase and sale of the treasury stock assuming that the company uses the cost method.





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Answered
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22 Mar 2016

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    shares of the treasury stock

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