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BE12-5 On July 1, Fritz Corporation purchases 500 shares of its $5 par value common stock for

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BE12-5 On July 1, Fritz Corporation purchases 500 shares of its $5 par value common stock for
the treasury at a cash price of $9 per share. On September 1, it sells 300 shares of the treasury stock for cash at $11 per share.

Journalize the two treasury stock transactions

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