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majestico majestico
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6 years ago
Farm and Supply reissued 100 shares of treasury stock at $20 that had been reacquired for $15 per share. What is the entry?
A) Debit Cash $2,000; credit Treasury Stock-Common $2,000
B) Debit Cash $2,000; credit Treasury Stock-Common $1,500, credit Paid-In Capital from Treasury Stock $500
C) Debit Cash $1,500; debit Paid-In Capital from Treasury Stock $500, credit Treasury Stock-Common $2,000
D) None of these answers is correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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majestico Author
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6 years ago
Just got PERFECT on my quiz
kaytee23
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Yesterday
this is exactly what I needed
DragonHeart
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2 hours ago
Helped a lot
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