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A company had the following transactions related to its stock: February 22 acquired 300 shares of its $2 par value common stock for $27 each.
A company had the following transactions related to its stock: February 22 acquired 300 shares of its $2 par value common stock for $27 each. March 15 resold 61 shares for $29 each. What is true of the March 15 entry for reselling the shares? Multiple Choice Credit Cash $1,647 Debit Treasury Stock $1,647 Credit Additional Paid-in Capital $122 Credit Treasury Stock $1,769
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