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On December 12, ABC company purchased 1000 shares of it's $2 par value common stock for $27 each. On December 23, ABC company re-issued 400
On December 12, ABC company purchased 1000 shares of it's $2 par value common stock for $27 each. On December 23, ABC company re-issued 400 shares for $15 each. Which one is the correct journal entry for re-issue?
A)debit cash 15,000
B )credit treasury stock 6000
C)credit treasury stock 10,800
please help with this multiple choice.
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