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Capper Corporation paid $25 per share to purchase 700 shares of its common stock as treasury stock. The stock was originally issued at $11 per
Capper Corporation paid $25 per share to purchase 700 shares of its common stock as treasury stock. The stock was originally issued at $11 per share. Which of the following would be the journal entry that Capper would make to record the purchase of the treasury stock? OA. B. O C. O D. Treasury Stock Cash Treasury Stock Retained Earnings Cash Accounts Treasury Stock Paid-in Capital in Excess of Par Cash Common Stock Cash Accounts Accounts Accounts Debit 17,500 Debit 7,700 9,800 Debit 7,700 9,800 Debit 17,500 Credit 17,500 Credit 17,500 Credit 17,500 Credit 17,500
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