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On July 1st, Larkspur Corporation purchased treasury stock for $60,000, cash. On August 15, Larkspur...

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Accounting

On July 1st, Larkspur Corporation purchased treasury stock for $60,000, cash. On August 15, Larkspur sold the treasury stock for $70,000, cash. Larkspur has an additional paid in capital account. Required: Prepare the appropriate journal entries

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