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On December 2, Coley Corp. acquired 900 shares of its $3 par value common stock for $24 each On December 20, Coley Corp. resold 500

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On December 2, Coley Corp. acquired 900 shares of its $3 par value common stock for $24 each On December 20, Coley Corp. resold 500 shares for $10 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice O Credit Additional Paid-in Capital $3.500 Cred Treasury Stock 55,000 Credit Treasury Stock $12,000 Debit Cash 59.000

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