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Amazon had 1,500,000 shares of $50 par common stock outstanding. Feb. 5 Repurchased 1,000 shares of stock at $51 per share March 11 Reissued 500 shares of stock at $52 per share Show the journal entry to record the March 11 transaction.

Amazon had 1,500,000 shares of $50 par common stock outstanding. Feb. 5 Repurchased 1,000 shares of stock at $51 per share March 11 Reissued 500 shares of stock at $52 per share Show the journal entry to record the March 11 transaction.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Amazon had 1,500,000 shares of $50 par common stock outstanding. Feb. 5 Repurchased 1,000 shares of stock at $51 per share March 11 Reissued 500 shares of stock at $52 per share Show the journal entry to record the March 11 transaction.
Transcribed Image Text:Amazon had 1,500,000 shares of $50 par common stock outstanding. Feb. 5 Repurchased 1,000 shares of stock at $51 per share March 11 Reissued 500 shares of stock at $52 per share Show the journal entry to record the March 11 transaction.
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