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What the effect of transactions on stockholder equity

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Question - Learning Objectives: Recording treasury stock transactions and measuring their effects on stockholders' equity

Journalize the following transactions of Aliant Productions:

Jan 17 - Issued 2,200 shares of $2.50 par common stock at $10 per share.

May 23 - Purchased 300 shares of treasury stock at $12 per share.

Jul 11 - Sold 200 shares of treasury stock at $20 per share.

What was the overall effect of these transactions on Aliant's stockholders' equity?

Reference no: EM131798799

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