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not sure how to figure this problem. In year 1, Rim Corporation purchases 1,000 shares of treasury stock for $10 per share. In year2 Rim
not sure how to figure this problem.
In year 1, Rim Corporation purchases 1,000 shares of treasury stock for $10 per share. In year2 Rim reissues 100 shares of the treasury stock for $12 per share. In year 3, Rim reissues 500 shares of its treasury stock for $9 per share. The journal entry to record the reissuance of treasury stock in year 3 will include which of the following entries? Check all that apply. Credit paid-in capital treasury shares $500. Debit paid-in capital-treasury shares $500. Debit paid-in capital- treasury shares $200. Debit retained earnings $300 Read about this Do you know the answer? I know it Think so Unsura No ideaStep by Step Solution
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