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Treasury stock that had been purchased for $4,005 last month was reissued this month for $5,759. The journal entry to record the reissuance would include a credit to O Paid-In Capital from Sale of Treasury Stock for $1,754 Oh Treasury Stock for $1,754 O Paid-In Capital from Sale of Treasury Stock for $4,005 Od Paid-In Capital in Excess of Par Common Stock for $4,005

Treasury stock that had been purchased for $4,005 last month was reissued this month for $5,759. The journal entry to record the reissuance would include a credit to O Paid-In Capital from Sale of Treasury Stock for $1,754 Oh Treasury Stock for $1,754 O Paid-In Capital from Sale of Treasury Stock for $4,005 Od Paid-In Capital in Excess of Par Common Stock for $4,005

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Treasury stock that had been purchased for $4,005 last month was reissued this month for $5,759. The journal entry to record the reissuance would include a credit to O Paid-In Capital from Sale of Treasury Stock for $1,754 Oh Treasury Stock for $1,754 O Paid-In Capital from Sale of Treasury Stock for $4,005 Od Paid-In Capital in Excess of Par Common Stock for $4,005
Transcribed Image Text:Treasury stock that had been purchased for $4,005 last month was reissued this month for $5,759. The journal entry to record the reissuance would include a credit to O Paid-In Capital from Sale of Treasury Stock for $1,754 Oh Treasury Stock for $1,754 O Paid-In Capital from Sale of Treasury Stock for $4,005 Od Paid-In Capital in Excess of Par Common Stock for $4,005
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