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Question 14 Sheridan Corporation sold 480 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record

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Question 14 Sheridan Corporation sold 480 shares of treasury stock for $55 per share. The cost for the shares was $45. The entry to record the sale will include a 0 debit to Paid-in Capital in Excess of Par for $4800. credit to Gain on Sale of Treasury Stock for $21600. credit to Treasury Stock for $26400. o o credit to Paid-in Capital from Treasury Stock for $4800

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