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What will be the balance of the paid-in-capital – share

    Assignment Instructions

    Assignment ID: FG133135862

    Question – Razorback, Inc. sells/issues 25,000 of its common shares, 25 cent par value per share for $9.25 per share on January 1, 2021

    Razorback, Inc. repurchases/reacquires for retirement 1,500 shares at $5.70 per share on February 2, 2021

    Razorback, Inc. repurchases/reacquires into treasury stock 750 shares at $5.30 per share on March 15, 2021

    Razorback, Inc. sells/reissues 250 shares of its treasury stock at $4.50 per share on July 7, 2021

    After all of the general entries have been recorded, what will be the balance of the Paid-in-Capital – Share Repurchase account? (indicate if the balance is a debit or a credit)

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