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On January 10, Mood Inc. purchased 15,000 shares of its own common stock at $17.00...

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Accounting

On January 10, Mood Inc. purchased 15,000 shares of its own common stock at $17.00 per share. On August 14, a total of 3,000 treasury shares were sold at $20.00 per share. These are the only treasury stock transactions ever made by the corporation. Prepare the journal entries required on January 10 and August 14.

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