On October 1, 2017, Adoll Company repurchased 1,000 shares of its $1 par value stock...
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Accounting
On October 1, 2017, Adoll Company repurchased 1,000 shares of its $1 par value stock for$44 per share and held these shares in treasury. On March 1, 2019, Adoll resold all the treasuryshares for $40 per share. Which of the following entries would be recorded when AdollCompany resells the shares of treasury stock?
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