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A company reissues 1,000 shares of treasury stock for $30 per share. The treasury stock was originally repurchased at a cost of $25 per share.

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A company reissues 1,000 shares of treasury stock for $30 per share. The treasury stock was originally repurchased at a cost of $25 per share. Which of the following journal entries would the company record to account for the reissue of the treasury stock? $30,000 Cash Retained Earnings Treasury Stock $5,000 $25,000 $30,000 O Cash Gain on re-issue Treasury Stock $5,000 $25,000 $30,000 O Cash Additional Paid in Capital - T/S Treasury Stock $5,000 $25,000 $30,000 Cash $5,000 $25,000 Retained Earnings Treasury Stock $30,000 O Cash $5,000 $25,000 Gain on re-issue Treasury Stock $30,000 O Cash $5,000 Additional Paid in Capital - T/S Treasury Stock $25,000 $30,000 Cash $30,000 Treasury Stock O None of the above

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