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On December 2, Coley Corp. acquired 1,000 shares of its $2 par value common stock for $22 each. On December 20, Coley Corp. resold 600

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On December 2, Coley Corp. acquired 1,000 shares of its $2 par value common stock for $22 each. On December 20, Coley Corp. resold 600 shares for $11 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice Credit Treasury Stock $13,200 Credit Additional Pald-in Capital $5,400 Debit Cash $11,000 Credit Treasury Stock $6,600

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