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On December 2, Coley Corp. acquired 1800 shares of its $5 par value common stock for $21 each On December 20. Coley Corp. resold 1,400

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On December 2, Coley Corp. acquired 1800 shares of its $5 par value common stock for $21 each On December 20. Coley Corp. resold 1,400 shares for $12 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice Credit Treasury Stock $16.800 O Debit Can $21600 Credit Acestional Paid-in Capital $9,800 Credit Treasury Stock $29,400

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