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A company reissues 800 shares of treasury stock for $35 per share. The treasury stock was originally repurchased at a cost of $40 per share.

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A company reissues 800 shares of treasury stock for $35 per share. The treasury stock was originally repurchased at a cost of $40 per share. Which of the following journal entries would the company record to account for the reissue of the treasury stock? Cash Loss on Reissue $28,000$4,000 Treasury Stock $32,000 Cash $28,000 Additional Paid in Capital $4,000 Treasury Stock $32.000 Cash $28,000 Treasury Stock $28,000 Cash $28,000 Retained Earnings $4,000 Treasury Stock $32,000

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