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Record the journal entries for the benjamin corporation

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Reference no: EM132655482

Problem 1: Record the following journal entries for the Benjamin Corporation:

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

Reference no: EM132655482

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