
Raetal Inc. acquired 2,000 shares of its own stock of par
value $1 for $20 per share. Which of the following is the correct journal entry to record this transaction??
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-?Treasury Stock 2,000
- Common Stock 2,000
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-?Treasury Stock 40,000
- Cash 40,000?
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-?Treasury Stock 2,000
- Cash 2,000
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-?Cash 40,000
- Treasury Stock 40,000
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