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Question 27 (2.5 points) The following information is used for THREE questions. (2 of 3) Patterson Corporation had 250,000 shares of $10 par-value common stock

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Question 27 (2.5 points) The following information is used for THREE questions. (2 of 3) Patterson Corporation had 250,000 shares of $10 par-value common stock outstanding on January 1, 2020. On March 15, 2020, the firm purchased 50,000 of its outstanding shares for $21 per share. On April 26, 2020, it reissued 10,000 shares at $25 per share. The entry to record the reissuance of the stock on April 26 would include: O Debit to Cash, $210,000. O Credit to Treasury Stock, $250,000. Credit to Common Stock, $40,000. Credit to Paid-in Capital from Treasury Stock, $40,000

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