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Prepare sandhill journal entries to record transactions

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Question - Sandhill Corporation has outstanding 21,000 shares of $5 par value common stock. On August 1, 2017, Sandhill reacquired 200 shares at $83 per share. On November 1, Sandhill reissued the 200 shares at $72 per share. Sandhill had no previous treasury stock transactions.

Prepare Sandhill's journal entries to record these transactions using the cost method.

Reference no: EM131621751

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