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A company paid $20 per share to purchase 300 shares of its common stock as treasury stock. The stock was originally issued at $11 per
A company paid $20 per share to purchase 300 shares of its common stock as treasury stock. The stock was originally issued at $11 per share. Which of the following is the journal entry to record the purchase of the treasury stock? A. Treasury Stock 6,000 Cash Treasury Stock Paid In Capital in Excess of Par 6,000 3,300 2,700 Cash Treasury Stock Retained Earnings 6,000 3,300 2,700 Cash 6,000 OD. common Stock 6,000 Cash 6,000 Click to select your
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