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Quill Corporation paid $28 per share to purchase 900 shares of its common stock as...

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Question

Accounting

Quill

Corporation paid

$28

per share to purchase

900

shares of its common stock as treasury stock. The stock was originally issued at

$12

per share. Which of the following would be the journal entry that

Quill

would make to record the purchase of the treasury stock?

Answer & Explanation Solved by verified expert
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