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On February 22, Brett Corporation acquired 290 shares of its $4 par value common stock for $23 each. On March 15, the company resold
On February 22, Brett Corporation acquired 290 shares of its $4 par value common stock for $23 each. On March 15, the company resold 61 shares for $27 each. What is true of the entry for reselling the shares? Multiple Choice Debit Treasury Stock $1,403 Credit Cash $1,403 Credit Additional Paid-in Capital $244 Credit Treasury Stock $1,647
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