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Refer to Lake Lanier Grill, Inc

Question 127

Multiple Choice

Refer to Lake Lanier Grill, Inc. The journal entry to record the transaction on March 1 includes a credit to what account and for what amount?


A) $3,000 to paid in capital from treasury stock transactions
B) $4,500 to treasury stock
C) $3,000 to common stock
D) $4,500 to cash

Correct Answer:

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