Elroy Corporation repurchased 1,100 shares of its own stock for $35 per share. The stock...
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Accounting
Elroy Corporation repurchased 1,100 shares of its own stock for $35 per share. The stock has a par of $10 per share. A month later. Elroy resold 275 shares of the treasury stock for $43 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions
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