Five thousand treasury shares of Meyer, Inc., previously acquired at $12 per share, are sold at $18 per share.The entry to record this transaction will include a

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The sale of treasury shares above cost results in a credit to Share Premium-Treasury for the excess amount over the cost. The shares were sold for $18 each, which is $6 more than the $12 cost, resulting in a $30,000 credit (5,000 shares x $6).

Five Thousand Treasury Shares of Meyer, Inc