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Business, 23.04.2020 04:22 webtoe

On December 2, Coley Corp. acquired 900 shares of its $4 par value common stock for $24 each. On December 20, Coley Corp. Reissued 500 shares for $10 each. Which of the following is correct regarding the journal entry for the reissued shares?

A. Credit Treasury Stock $5,000
B. Credit Treasury Stock $12,000
C. Credit Additional Paid in Capital $3,000
D. Debit Cash $9,000

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On December 2, Coley Corp. acquired 900 shares of its $4 par value common stock for $24 each. On Dec...
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