Revell Inc. purchased treasury stock for ($ 25,000). If Revell sells half the treasury stock for ($

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Revell Inc. purchased treasury stock for \(\$ 25,000\). If Revell sells half the treasury stock for \(\$ 15,000\), what account should it credit for the \(\$ 2,500\) difference? If Revell later sells the remaining half of the treasury stock for \(\$ 9,000\), what accounts should be debited for the \(\$ 3,500\) difference?

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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