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On March 15, Forsyth Corporation acquired 300 shares of its $5 par value common stock for $25 each. On March 30, the company resold 80

On March 15, Forsyth Corporation acquired 300 shares of its $5 par value common stock for $25 each. On March 30, the company resold 80 shares for $30 each. What entry would be recorded for the resell of the shares?

Option Account DR CR
A. Cash 2,400
Common Stock 400
Paid-in Capital, Treasury 2,000
B. Cash 2,400
Treasury Stock 2,000
Paid-in Capital, Treasury 400
C. Cash 2,400
Treasury Stock 400
Paid-in Capital, Treasury 2,000
D. Cash 2,400
Common Stock 2,000
Paid-in Capital, Treasury 400

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