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Sunland Corporation sold 510 shares of treasury stock for $55 per share. The cost for the shares was $35. The entry to record the sale

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Sunland Corporation sold 510 shares of treasury stock for $55 per share. The cost for the shares was $35. The entry to record the sale will include a credit to Treasury Stock for $28050. O credit to Gain on Sale of Treasury Stock for $17850. debit to Paid-in Capital in Excess of Par for $10200 credit to Paid-in Capital from Treasury Stock for $10200

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