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Arantxa co has 20000 shares outstanding of 5 par on aug 1

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Arantxa CO has 20,000 shares outstanding of $5 par. On Aug 1, Arantxa Co reaquered 200 shares at $80 per share. On Nov 1, Arantxa Co reisued the 200 shares at $70 per share. No previous treasury stock.Prepare journal entries using COST method.

Reference no: EM13596902

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