Poolside LLP decided to repurchase shares of their own stock…

Poolside LLP decided to repurchase shares of their own stock, with cash, on December 31, 2025.  The company purchased 3,000 shares of stock with a par value of $10 per share.  The repurchase price was $15 per share.   Prepare the journal entry for Poolside to repurchase these shares of stock on December 31, 2025.   Answer should be expressed as : DR (ACCOUNT NAME)  $X,XXX CR (ACCOUNT NAME)  $X,XXX No dates or explanations are needed.

I have shown my blank scratch paper, front and back, to the…

I have shown my blank scratch paper, front and back, to the camera. (If not, do it now). I understand that my exam session, including webcam and computer screen, will be recorded by Honorlock and reviewed by my instructor. (These recordings are only kept temporarily.) I understand that I may not use a calculator or external resources of any kind. I understand that violating these conditions will cause my exam score to be replaced with a 0.