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Paused Return to Blackboard LUS Kieso, Intermediate Accounting, 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT CES Question 11 Sheridan Company issued 100000 shares

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Paused Return to Blackboard LUS Kieso, Intermediate Accounting, 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT CES Question 11 Sheridan Company issued 100000 shares of $10 par common stock for $1140000. A year later Sheridan acquired 15600 shares of its own common stock at $14 per share. Three months later Sheridan sold 8100 of these shares at $18 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 8100 treasury shares, Sheridan should credit O Treasury Stock for $113400 and Paid-in Capital in Excess of Par for $32400. Treasury Stock for $145800. Treasury Stock for $81000 and Paid-in Capital from Treasury Stock for $64800. Treasury Stock for $113400 and Paid-in Capital from Treasury Stock for $32400. Open Show Work dy. Click if you would like to Show Work for this question: SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used

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