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28 On December 2 . Coley Corporation acquired 1.700 shares of its $4 par value common stock for $24 each. On December 20. Coley Corporation

28
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On December 2 . Coley Corporation acquired 1.700 shares of its $4 par value common stock for $24 each. On December 20. Coley Corporation resold 1,300 shares for $13 each. Which of the following is correct regarding the joumal entry for the resold shares? Multiple choice Credit Treasury Stock $31,200 Credit Treasury Stock $16,900 DebitCash $22100 flin Credit Additionst Paid-in Capital $11,700

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