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On December 2 , ABC Company acquired 1 , 4 0 0 shares of its $ 3 par value common stock for $ 2 5

On December 2, ABC Company acquired 1,400 shares of its $3 par
value common stock for $25 each. On December 20, ABC Company resold
1,000 shares for $13 each. Which of the following is correct
regarding the journal entry for the resold shares? Multiple Choice
Credit Treasury Stock $13,000 Credit Additional Paidin Capital
$10,000 Credit Treasury Stock $25,000 Debit Cash $18,200

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