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Question: ellison companys balance sheet shows common stock 20 par paidin...

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Ellison Companys balance sheet shows: Common stock, $20 par Paid-in capital in excess of par Retained earnings $2.900,000 1,040,000 700,000 Record the following transactions by the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually If no entry is required, select No Entry for the account titles and enter O for the amounts.) (a) Bought 8,000 shares of its common stock at $27 a share. (b) Sold 4,200 treasury shares at $28 a share. (c) Sold 2,100 shares of treasury stock at $24 a share. No. Account Titles and Explanation Debit Credit
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