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On December 2, Coley Corp. acquired 1,300 shares of its $3 par value common stock for $21 each. On December 20, Coley Corp. resold 900

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On December 2, Coley Corp. acquired 1,300 shares of its $3 par value common stock for $21 each. On December 20, Coley Corp. resold 900 shares for $14 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice Credit Additional Paid-in Capital $9,900 Debit Cash $18,200 Credit Treasury Stock $12,600 Credit Treasury Stock $18,900

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