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Question 15 On December 2, Coley Corp. acquired 1.000 shares of its $2 par value common stock for $27 each. On December 20, Coley Corp.

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Question 15 On December 2, Coley Corp. acquired 1.000 shares of its $2 par value common stock for $27 each. On December 20, Coley Corp. resold 400 shares for $15 each. Which of the following is correct regarding the journal entry for the resold shares? Debit Cash $15.000. O Credit Treasury Stock $10,800. O Credit Treasury Stock $6,000. O Credit Additional Paid in Capital $5,200

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