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Just need some help with the last two.

Entries for Treasury Stock On May 27, Mama Mia Inc. reacquired 8,000 shares of its common stock at $49 per share. On August 3

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Answer #1

The entry would be

Cash (4,000*48) 192,000
Paid in capital from sale of treasury stock 4,000
Treasury stock (4,000*49) 196,000

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