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(Solved by Expert Tutors) The original sale of $50 par value common shares of Gray Company was rec


$290,000(CR) Common Stock: $250,000(CR) Paid-In Capital in Excess of Par: $40,000Record the treasury stock transactions given below under the cost method:Transactions:(A) Bought 300 shares of common stock as treasury shares at $62(B)Sold 80 shares of treasury stock at $60(C) Sold 40 treasury shares at $68

 


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Apr 19, 2020

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