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accountant for Douglas Corporation


accountant for Douglas Corporation An inexperienced accountant for Douglas Corporation made the following entries. July 1 Cash 180,000 Common Stock 180,000 (Issued 25,000 shares of common stock, par value $6 per share) Sept. 1 Common Stock 24,000 Retained Earnings 16,000 Cash 40,000 (Purchased 4,000 shares issued on July 1 for the treasury at $10 per share) Instructions On the basis of the explanation for each entry, prepare the entry that should have been made for the transactions. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help


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