Farm and Supply reissued 100 shares of treasury stock at $20 that had been reacquired for $15 per share.What is the entry?
A) Debit Cash $2,000;credit Treasury Stock-Common $1,500,credit Paid-In Capital from Treasury Stock $500
B) Debit Cash $2,000;credit Treasury Stock-Common $2,000
C) Debit Cash $1,500;debit Paid-In Capital from Treasury Stock $500,credit Treasury Stock-Common $2,000
D) None of these answers is correct.
Correct Answer:
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