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On April 10, 2013, Amelia, Inc., purchased 500 shares of its own common stock in the market for $24 per share. On September 28, 2013, the company sold 300 of these shares in the open market at a price of $27 per share.
Required:Use the horizontal model (or write the entry) to show the effects on Amelia, Inc.s financial statements ofa. The purchase of the treasury stock on April 10, 2013.b. The sale of the treasury stock on September 28, 2013.
Prepare Arturo's journal entry to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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