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Problem 4- Record the treasury stock transactions (given below) under.pdf

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The document outlines three treasury stock transactions using the cost method. It details the purchase of 400 shares at $62, the sale of 120 shares at $65, and the sale of 60 shares at $50. These transactions involve common stock with a par value of $50.

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Problem 4. Record the treasury stock transactions (given below) under the cost method: Transactions: 1. Bought 400 shares of the $50 par value common stock as treasury shares at $62 . 2. Sold 120 shares of treasury stock at $65 . 3. Sold 60 treasury shares at $50 .

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Problem 4- Record the treasury stock transactions (given below) under.pdf

  • 1. Problem 4. Record the treasury stock transactions (given below) under the cost method: Transactions: 1. Bought 400 shares of the $50 par value common stock as treasury shares at $62 . 2. Sold 120 shares of treasury stock at $65 . 3. Sold 60 treasury shares at $50 .