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On December 2, Coley Corp. acquired 1, 600 shares of its $3 par value common stock for $21 each. On December 20. Coley Corp. reissued

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On December 2, Coley Corp. acquired 1, 600 shares of its $3 par value common stock for $21 each. On December 20. Coley Corp. reissued 1, 200 shares for $11 each. Which of the following is correct regarding the journal entry for the reissued shares? Credit Additional Paid in Capital $9, 600 Credit Treasury Stock $25, 200 Debit Cash $17, 600 Credit Treasury Stock $13, 200

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