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Swifty Corporation sold 310 shares of treasury stock for $35 per share. The cost for the shares was $25. The entry to record the sale

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Swifty Corporation sold 310 shares of treasury stock for $35 per share. The cost for the shares was $25. The entry to record the sale will include a debit to Paid-in Capital in Excess of Par for $3100. credit to Gain on Sale of Treasury Stock for $7750. credit to Treasury Stock for $10850. credit to Paid-in Capital from Treasury Stock for $3100

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