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On May 3, Nicholson Corp. purchased 3,000 of its own

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On May 3, Nicholson Corp. purchased 3,000 of its own shares for $27,000 to be held as treasury shares. On November 4, Nicholson reissued 750 treasury shares for $7,080. Prepare the November 4 journal entry Nicholson should make to record the sale of the treasury shares.

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