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Determine double entries for share transaction on september

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Reference no: EM132616230

A public company purchases 4 million 50p ordinary shares for £3.50 each on 1 April 2019 and holds these as Treasury Shares. On 1 September 2019, 1 million shares are sold at a price of £3.30 per share and on 1 December 2019, the remaining 3 million shares are sold at a price of £3.80 per share.

Problem (i) Determine the double entries for the share transaction on 1 April 2019

Problem (ii) Determine the double entries for the share transaction on 1 September 2019.

Problem (iii) Determine the double entries for the share transaction on 1 December 2019.

Reference no: EM132616230

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