Managers should continuously assess the potential for fraud and other risks that could prevent the company from achieving its objectives.

Use the information above to answer the following question. What journal entry will record the reissuance on July 3? Debit Cash for $20,000, credit Common Stock for $16,000, and credit Gain on Reissuance of Stock for $4,000 Debit Cash for $20,000, credit Common Stock for $6,000, and credit Additional Paid-in Capital for $14,000 Debit Cash and credit Treasury Stock for $20,000 Debit Cash for $20,000, credit Treasury Stock for $16,000, and credit Additional Paid-in Capital for $4,000 Use the information above to answer the following question. What journal entry will record the reissuance on July 3? Debit Cash for $20,000, credit Common Stock for $16,000, and credit Gain on Reissuance of Stock for $4,000 Debit Cash for $20,000, credit Common Stock for $6,000, and credit Additional Paid-in Capital for $14,000 Debit Cash and credit Treasury Stock for $20,000 Debit Cash for $20,000, credit Treasury Stock for $16,000, and credit Additional Paid-in Capital for $4,000