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This Question: 6 pts 20 of 23 (0 complete) Gruber Law Offices paid $56,000 to buy back 11,000 shares of its $1 par value common
This Question: 6 pts 20 of 23 (0 complete) Gruber Law Offices paid $56,000 to buy back 11,000 shares of its $1 par value common stock. The stock was sold later at a selling price of $12 per share. The journal entry to record the sale would include a: O A. credit to Common Stock $76,000 B. debit to Common Stock $56,000 O c. credit to Paid-in Capital from Treasury Stock Transactions $76,000. D. credit to Paid-in Capital from Treasury Stock Transactions $56,000
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