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6. In 2012, Hobbs Corp, acquired 9,000 shares of its own $1 par value common stock at $18 per share. In 2015, Hobbs issued 6,000

6. In 2012, Hobbs Corp, acquired 9,000 shares of its own $1 par value common stock at $18 per share. In 2015, Hobbs issued 6,000 of these shares at $25 per share. Under the cost method, what accounts and what amounts should Hobbs credit in 2015 to record the issuance of the 6,000 shares?

Treasury Stock

Additional paid in capital

Retained Earnings

Common Stock

a

$108,000

$42,000

b

$108,000

$42,000

c

$144,000

$6,000

d

$102,000

$42,000

$6,000

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