PQR Inc. had 10,000 common shares outstanding with a par value of $10 per share....
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Accounting
PQR Inc. had 10,000 common shares outstanding with a par value of $10 per share. There was $20,000 of contributed surplus arising from previous retirements of shares in this class. Assume that half of these shares were retired for $16 per share. Record the journal entry to record this transaction. General Journal Ref Account Titles and Explanation Debit Credit
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