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Journalizing the stock transactions of a company.
On January 1, 2008, Edmond Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2008, the company purchased 4,000 shares of its common stock for $8 per share for the treasury. On June 1, 2008, 1,000 of the treasury shares are sold for $10 per share. On September 1, 2008, 2,000 treasury shares are sold at $6 per share.
Instructions
Journalize the stock transactions of Edmond Company in 2008.
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