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3 On December 2, Coley Corp. acquired 1300 shares of its $2 par value common stock for $21 each Help Save & Ext On

3 On December 2, Coley Corp. acquired 1300 shares of its $2 par value common stock for $21 each Help Save & Ext On December 20, Coley Corp. resold 700 shares for $12 each. Which of the following is correct regarding the journal entry for the resoldre 012636 Multiple Choice O Credit Additional Paid-in Capital $2000 Debit Cash $3,200 Credit Treasury Stock $8,400 Credt Treasury Stock $54,700

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