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A company reissues 500 shares of treasury stock for $25 per share. The treasury stock was originally repurchased at a cost of $30 per share.

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A company reissues 500 shares of treasury stock for $25 per share. The treasury stock was originally repurchased at a cost of $30 per share. Which of the following journal entries would the company record to account for the reissue of the treasury stock? Cash Loss on re-issue Treasury Stock $12,500 $2,500 $15,000 Cash Teasury Stock $12,500 $12,500 Cash Retained Earnings Treasury Stock $12,500 $2,500 $15,000 Cash Additional Paid in Capital Treasury Stock $12,500 $2,500 $15,000 O None of the above

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