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Blossom Co. issued 100000 shares of $10 par common stock for $1220000. A year later...

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Accounting

Blossom Co. issued 100000 shares of $10 par common stock for $1220000. A year later Blossom acquired 15900 shares of its own
common stock at $15 per share. Three months later Blossom sold 8300 of these shares at $19 per share. If the cost method is used to
record treasury stock transactions, to record the sale of the 8300 treasury shares, Blossom should credit
Treasury Stock for $124500 and Paid-in Capital in Excess of Par for $33200.
Treasury Stock for $83000 and Paid-in Capital from Treasury Stock for $74700.
Treasury Stock for $157700.
Treasury Stock for $124500 and Paid-in Capital from Treasury Stock for $33200.
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