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Business, 22.04.2021 19:30 kountryboye25

During the first year of operations, LaPia Corporation had the following transactions: Jan. 1 – Issued 50,000 shares of $1 par value common stock at $20 per share.

May 24 — Reacquired 5,000 shares of common stock Issued on Jan. 1 for $23 per share.

Dec. 8 - Paid $ 22,500 cash dividends

Prepare the journal entries for the above transactions.

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