XYZ Corporations general ledger includes the following account bal.pdf
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XYZ Corporation's general ledger had initial account balances of $8,000 in Contributed Surplus, $270,000 in Common Shares, and $85,000 in Retained Earnings. The company then bought back and cancelled shares worth $16,000 and $6,600, sold shares generating $127,100 and $65,800, and bought back and cancelled another $50,000 worth of shares.
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