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Gruber Law Offices paid $60,000 to buy back 15,000 shares of its $1 par value common stock. The stock was sold later at a seling
Gruber Law Offices paid $60,000 to buy back 15,000 shares of its $1 par value common stock. The stock was sold later at a seling price of S16 per share. The journal entry to record the sale would include a (Do not round intermediate calculations.) A. debit to Common Stock $60.000 B. credit to Paid-in Capital from Treasury Stock Transachons $180.000 OC. credit to Paid - in Capital from Treasury Stock Transactions $60.000 O D. credit to Common Stock $180,000
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