Business, 31.12.2020 19:10 S28462182

On December 2, ABC Company acquired 1,300 shares of its $3 par value common stock for $25 each. On December 20, ABC Company resold 900 shares for $13 each. Which of the following is correct regarding the journal entry for the resold shares? a. Credit Additional Paid-in Capital $7,000
b. Credit Treasury Stock $20,000
c. Debit Cash $15,400
d. Credit Treasury Stock $11,000

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On December 2, ABC Company acquired 1,300 shares of its $3 par value common stock for $25 each. On D...

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