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How to record journal entries for the benjamin corporation

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Reference no: EM132656096

Problem 1: Record the following journal entries for the Benjamin Corporation for treasury stock(include APIC)

  1. Purchased 1,000 shares of its own $30 par value for $60 per share
  2. Sold 250 of those shares for $75 per share
  3. Sold 350 shares for $58 per share
  4. Retired the remaining shares purchased. The original selling price was $42 per share.

Reference no: EM132656096

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