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Record the two events in general journal format

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Reference no: EM13915503

Schwartz Corporation repurchased 2,000 shares of its own stock for $35 per share. The stock has a par of $10 per share. A month later Schwartz resold 800 shares of the treasury stock for $40 per share.

Required: 

a. Record the two events in general journal format. 

b. What is the balance of the treasury stock account after these transactions?

Reference no: EM13915503

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