The following transactions occurred at Peter Company in 2016. Use this information to compute the company's net
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1. The company reacquired as treasury stock 30,000 shares of its outstanding common stock, paying a total of $90,000 for the shares.
2. On November 30, the company borrowed $200,000 from the bank, signing a 90-day, 10 percent note payable.
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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