[Solved] On Novenber 12, Boston, LTD. acquired 1,1

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On Novenber 12, Boston, LTD. acquired 1,100 shares of its $4 par value common stock for $24 each. On January 10, Boston LTD. resold 700

On Novenber 12, Boston, LTD. acquired 1,100 shares of its $4 par value common stock for $24 each. On January 10, Boston LTD. resold 700 shares for $13 each. Which of the following is correct regarding the journal entry for the resold shares? Multiple Choice Credit Treasury Stock $16,800 Debit Cash $14,300 Credit Additional Paid-in Capital $6,300 Credit Treasury Stock $9,100

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