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What transactions would Day-Brite if they sell 7,500 shares of treasury stock for $26 that...

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Accounting

What transactions would Day-Brite if they sell 7,500 shares of treasury stock for $26 that were previously purchased for $16.

  1. Increase cash $195,000, increase treasury stock $120,000 and increase additional paid in capital $75,000
  2. Increase cash $195,000 and increase common stock $195,000.
  3. Increase cash $195,000 and increase treasury stock $195,000.
  4. Increase cash $195,000, increase treasury stock $97,500 and increase additional paid in capital $97,500.

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