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Jones Company has never had any treasury stock transactions. On June 1 of the current year, they purchased 100 shares of its common stock (which
Jones Company has never had any treasury stock transactions. On June 1 of the current year, they purchased 100 shares of its common stock (which has a par value of $30) for $15,000. On July 1, they reissued 50 of these shares at $156 per share. By how much did the additional paid in capital account increase or decrease on July 1?
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