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Cruz Cookie Company (CCC) has 100 million shares of $1 par common st.pdf

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Cruz Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. Prior to the transactions, CCC's shareholders' equity included the following: Required: Prepare the journal entries to record the repurchase and retirement of the shares. 1) Repurchased and retired 1.80 million shares at $8.80 per share. 2)Repurchased and retired 2.80 million shares at $2.80 per share.January 4, 2024:Repurchased and retired 1.80 million shares at $8.80 per share.June 25, 2024:Repurchased and retired 2.80 million shares at $2.80 per share..

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Cruz Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. Prior to the transactions, CCC's shareholders' equity included the following: Required: Prepare the journal entries to record the repurchase and retirement of the shares. 1) Repurchased and retired 1.80 million shares at $8.80 per share. 2)Repurchased and retired 2.80 million shares at $2.80 per share.January 4, 2024:Repurchased and retired 1.80 million shares at $8.80 per share.June 25, 2024:Repurchased and retired 2.80 million shares at $2.80 per share.

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