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On February 22, Brett Corporation reacquired 200 shares of its $2 par value common stock for $26 each. On March 15, the company reissued 66 shares for $28 each. What is true of the entry for reissuing their shares?

Credit Additional Paid in Capital $132

Debit Treasury Stock $1,716

Credit Treasury Stock $1,848

Credit Cash $1,716

Accounting Basics, Accounting

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