Plenty company repurchased 100 shares of its stock on june, Financial Accounting

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Plenty company repurchased 100 shares of its stock on june

Plenty Company repurchased 100 shares of its stock on June 1, 2014, for $5,000. On July 1, 2014, it reissued 50 of these shares at $52 per share. On August 1, 2014, it issued the rest of the treasury shares at $49 per share. What is the balance in the Contributed Capital, Treasury Stock Transactions account on Sept 1, 2014?

a. $2,600

b. $100

c. $5,050

d. $50

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Financial Accounting: Plenty company repurchased 100 shares of its stock on june

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Financial Accounting: Plenty company repurchased 100 shares of its stock on june

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