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Our company originally issued 1,000 shares of $1 par value common stock for $9 per share. We repurchased 200 shares of the stock as treasury
Our company originally issued 1,000 shares of $1 par value common stock for $9 per share. We repurchased 200 shares of the stock as treasury stock for $10 per share. On September 5, we sold 100 shares of treasury stock for $12 per share. What account(s) and amount(s) would we debit when we record the journal entry for the September 5 transaction?
Group of answer choices
A. cash, $1,200
B. treasury stock, $1,000; and paid in capital from treasury stock, $200
C. treasury stock, $1,000
D. cash, $1,000
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