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journal entry to record the sale of the treasury stock

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journal entry to record the sale of the treasury stock Arens Corporation purchased 3,000 shares of its $5 par value common stock for a cash price of $10 per share. Two months later, Arens sold the treasury stock for a cash price of $8 per share. Instructions Prepare the journal entry to record the sale of the treasury stock assuming (a) No balance in Paid-in Capital from Treasury Stock. (b) A $4,000 balance in Paid-in Capital from Treasury Stock. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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