Treasury stock that had been purchased for 5400 last month, Ask an Expert

Accounting

Treasury stock that had been purchased for $5,400 last month was reissued this month for $7,500. The journal entry to record the reissuance would include a credit to

a. Treasury Stock for $7,500

b. Paid-In Capital from Treasury Stock for $7,500

c. Paid-In Capital in Excess of Par/Common for $2,100

d. Paid-In Capital from Treasury Stock for $2,100

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9411341

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