On December 31, 2017, Beta Company had 320,000 shares of common stock issued and outstanding. Beta issued a 4% stock dividend on June 30, 2018. On September 30, 2018, 35,000 shares of common stock were reacquired as treasury stock.
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On March 1, Warwick's Co., a women's clothing store, purchased $73,600 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30.
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