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December 2 , Coley Corporation acquired 1,100 shares of its $5 par value common stock for $21 each. December 20 , Coley Corporation resold 700

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December 2 , Coley Corporation acquired 1,100 shares of its $5 par value common stock for $21 each. December 20 , Coley Corporation resold 700 shares for $12 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice Debit Cash $13,200 Credit Treasury Stock $8,400 Credit Treasury Stock $14,700 Credit Additional Pald-In Capltal $4,900

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