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  3. 26. a company previously purchased 500 shares of t

26. A company previously purchased 500 shares of Treasury Stock at a cost of $10...

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Accounting

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26. A company previously purchased 500 shares of Treasury Stock at a cost of $10 per share. The company now resells 100 of these Treasury shares for $15 per share. What will the journal entry for the resale include: a. Debit to treasury stock for $1,000 b. Credit to cash for $1,500 c. Credit to treasury stock for $1,000 d. Debit to cash for $1,000

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