Business, 19.06.2020 12:57 AleOfficial101

On February 1, 2018, Cue Company acquired 2,400 shares of its $1 par value stock for $43 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $46 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock? Cash 117,600
Common Stock 2,800
Additional paid-in capital 114,800
Cash 117,600
Treasury Stock 109,200
Additional paid-in capital 8,400
Cash 117,600
Treasury Stock 109,200
Gain on sale of treasury stock 8,400
Cash 117,600
Treasury Stock 109,200
Retained earnings 8,400

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On February 1, 2018, Cue Company acquired 2,400 shares of its $1 par value stock for $43 per share a...

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