On February 1,2018,Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in treasury.On April 10,2019,Cue resold all the treasury shares for $50 per share.Which of the following entries would be recorded when Cue Company resells the shares of treasury stock?

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The Answer of On February 1,2018,Cue Company acquired 1,000 shares of its $1 par value stock for $47 per share and held these shares in treasury.On April 10,2019,Cue resold all the treasury shares for $50 per share.Which of the following entries would be recorded when Cue Company resells the shares of treasury stock?

On February 1,2018,Cue Company Acquired 1,000 Shares of Its $1