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Nirvanna Enterprises issued 50,000 shares of $5 par value common stock at $13 per share. Prepare...

Nirvanna Enterprises issued 50,000 shares of $5 par value common stock at $13 per share. Prepare journal entries for the following transactions:

4/8/16: Nirvanna Enterprises bought 80 shares of its own stock for $14 per share.

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