Question: Journalize Jan. 5 Split the common stock 3 for 1 and reduced the par from $120 to $40.00 pet share. After the split there were

Journalize Jan. 5 Split the common stock 3 for 1 and reduced the par from $120 to $40.00 pet share. After the split there were 405,000 common shares outstanding.

March 10 Purchased 32000 shares of the corporation s own common stock at 45.00 How to record the stock at cost

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