Accounting for Sale of Treasury Stock at Price Lower than Cost Refer to the data in PE
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Accounting for Sale of Treasury Stock at Price Lower than Cost Refer to the data in PE 11-7 through PE 11-9. The paid-in capital, treasury stock account currently has a $2,500 credit balance. The company resells 800 shares of treasury stock for $26 per share. Make the necessary journal entry(ies) to record this transaction.
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Related Book For 
Accounting Concepts And Applications
ISBN: 9780324376159
10th Edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
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