Prepare journal entries for the following treasury stock, Financial Accounting

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Prepare journal entries for the following treasury stock

Prepare journal entries for the following treasury stock transactions. Assume that all three happen in order when preparing each entry.

2/15/2015 Purchased 48,000 shares for cash at $13.50 per share.

6/6/2015 Sold 12,500 treasury shares for cash at $16.00 per share.

8/30/2015 Sold 9,500 treasury shares for cash at $12.00 per share.

Instructions: Prepare journal entries for the above transactions.

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Financial Accounting: Prepare journal entries for the following treasury stock

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Financial Accounting: Prepare journal entries for the following treasury stock

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