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On December 2, Coley Corp. reacquired 1,500 shares of its $3 par value common stock for $21 each. On December 20, Coley Corp. reissued 1,100

On December 2, Coley Corp. reacquired 1,500 shares of its $3 par value common stock for $21 each. On December 20, Coley Corp. reissued 1,100 shares for $14 each. Which of the following is correct regarding the journal entry for the reissued shares?

Credit Treasury Stock $23,100Credit Treasury Stock $15,400Debit Cash $21,000Credit Paid in Capital - Treasury Stock $12,100

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