A corporation originally issued $7 par value common stock for $15 per share.Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $12 per share?
A) Treasury Stock-Common is debited for $3,600.
B) Treasury Stock-Common is credited for $45.
C) Retained Earnings is debited for $1,800.
D) Treasury Stock-Common is debited for $1,800.
Correct Answer:
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