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Business, 30.03.2020 20:26 jasaide15

In year 1, Rim Corporation purchases 1,000 shares of treasury stock for $10 per share. In year 2, Rim reissues 100 shares of the treasury stock for $12 per share. In year 3, Rim reissues 500 shares of its treasury stock for $9 per share.
The journal entry to record the reissuance of treasury stock in year 3 will include which of the following entries? Check all that apply.

a) Credit paid-in capital treasury shares $500.
b) Debit paid-in capital-treasury shares $500.
c) Debit paid-in capital- treasury shares $200.
d) Debit retained earnings $300.

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In year 1, Rim Corporation purchases 1,000 shares of treasury stock for $10 per share. In year 2, Ri...
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