On february 15, 2011, spring hope corporation repurchases 1,200 shares of its outstanding common stock for $7 per share. on march 1, 2011, spring hope sells 300 shares of treasury stock for $11 per share. on may 18, 2011, spring hope sells the remaining 900 shares of its treasury stock for $4 per share. prepare the journal entries to record these transactions: to record repurchase: debit: credit: to record sale on march 1 debit credit credit
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On february 15, 2011, spring hope corporation repurchases 1,200 shares of its outstanding common sto...
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