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Business, 11.02.2021 22:20 justhereforanswers13

Sunland Corporation has outstanding 52,500 shares of $2 par value common stock. On May 1, 2017, Sunland reacquired 540 shares at $45 per share. On August 31, Sunland reissued 390 shares at $43 per share. Sunland had no previous treasury stock transactions. Prepare Sunland’s journal entries to record these transactions using 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 0 for the amounts.)

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Sunland Corporation has outstanding 52,500 shares of $2 par value common stock. On May 1, 2017, Sunl...
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