On Novenber 12, Boston, LTD. acquired 1,500 shares of its $4 par value common stock...
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Accounting
On Novenber 12, Boston, LTD. acquired 1,500 shares of its $4 par value common stock for $25 each. On January 10, Boston LTD. resold 1,100 shares for $13 each. Which of the following is correct regarding the journal entry for the resold shares?
Multiple Choice
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Credit Treasury Stock $14,300
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Credit Additional Paidin Capital $9,900
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Debit Cash $19,500
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Credit Treasury Stock $27,500
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