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Coronado Corporation sold 500 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale

Coronado Corporation sold 500 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale will include a credit to Gain on Sale of Treasury Stock for $22500. credit to Treasury Stock for $27500. credit to Paid-in Capital from Treasury Stock for $5000. debit to Paid-in Capital in Excess of Par for $5000image text in transcribed

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