answer for the journal entries for transactions cm. Inc chgaged...
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Accounting
answer for the journal entries for transactions
cm. Inc chgaged in the following transactions involving its common stock during 2022 : Jan 2 -iled 20.000 shares of $15 par value common stock at $85 cash per share. Aug 1 Phurchased back 5.000 shares of common stock at $89 cash per share. 1 Sept 2 Resold 3.200 shares of treasury stock at $94 cash per share. Dec 1 Exchanged remaining shares of treasury stock for a patent with a fair value of $172,000. Use journal entries to record the transactions. Date Accounts
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