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Jordan inc has outstanding 10,000 shares of $10 par

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solution


Question

Jordan inc has outstanding 10,000 shares of $10 par value common stock. On october 1 2010 jordan reaquired 100 shares at $50. On november 1 2010 jordan reissued the 100 shares at $40. Jordan had no previous treasury stock transaction. Prepare jordan entries to record these transaction using the cost method.

 

Paper#26128 | Written in 18-Jul-2015

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