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Help Save & E On December 2, Coley Corporation acquired 1,000 shares of its...

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Accounting

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On December 2, Coley Corporation acquired 1,000 shares of its $4 par value common stock for $24 each.
On December 20, Coley Corporation resold 600 shares for $11 each. Which of the following is correct regarding the journal entry for the resold shares?
Multiple Choice
Credit Treasury Stock $6,600
Credit Additional Paid-in Capital $4,200
Credit Treasury Stock $14,400
Debit Cash $11,000
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