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On December 2. Coley Corp, acquired 1,000 shares of its $3 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 $3 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 Detot Cars $11 ( Crede Tremur stock $6.600 Cred Treasury Stock 50200 Credit Additional Paid-in Capital $4800 On September 1, 2021, Daylight Donuts signed a $10,000, 8% six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022 Daylight Donuts records the appropriate adjusting entry for the note on December 31, 2021. In recording the payment of the note plus accrued interest at maturity on March 1, 2022. Daylight Donuts would: (Do not round your intermediate calculations.) Multiple Choice Debit interest Expense 52.933 Debit interest Expense 51,467 Dei interest Experts $4.400 Debit interest Payable, 51467 Mary's Music Store reported net income of $139.000 Beginning balances in Accounts Receivable and Accounts Payable were $24.500 and $19,500, respectively Ending balances in these accounts were $34,500 and $13,800, respectively. Assuming that all relevant information has been presented. Mary's net cash flows from operating activities would be: Multiple Choice $134 700 $123300 5154,700 $143.300

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