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On March 1, 2020. Riley, Inc. purchased 300 shares of its own $17 par value common stock for $24,000. On June 30, 2020, Riley sold

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On March 1, 2020. Riley, Inc. purchased 300 shares of its own $17 par value common stock for $24,000. On June 30, 2020, Riley sold 200 of these treasury shares for $16,800 cash. The journal entry to record the sale includes a: Select one O a $800 credit to Gain on Sale of Treasury Stock b. $16,000 credit to Paid in Capital from Treasury Stock c$800 credit to Paid-in Capital from Treasury Stock d. $24,000 credit to Treasury Stock O

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