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On December 2, Coley Corp. acquired 1,000 shares of its $4 par value common stock for $25 each. 1000 shar On December 20, Coley Corp.

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On December 2, Coley Corp. acquired 1,000 shares of its $4 par value common stock for $25 each. 1000 shar On December 20, Coley Corp. resold 600 shares for $12 each. Which of the following is correct regarding the journal entry for the resold shares? Coley Corp. resa Multiple Choice Credit Treasury Stock $7,200 Credit Additional Paid-in Capital $4,800 O Credit Treasury Stock $15,000

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