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Beta Corporation reissued 1,000 shares of treasury stock, originally purchased for $12 a share, for $13 per share. The journal entry to record this transaction
Beta Corporation reissued 1,000 shares of treasury stock, originally purchased for $12 a share, for $13 per share. The journal entry to record this transaction includes a credit to cash for $13,000. None of the answers are correct a credit to treasury stock for $13,000. a debit to treasury stock $12,000
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Financial accounting
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
9th edition
978-0132751216, 132751127, 132751216, 978-0132751124
