On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock?

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The Answer of On October 1, 2015, Adoll Company acquired 1,000 shares of its $1 par value stock for $44 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $40 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock?

On October 1, 2015, Adoll Company Acquired 1,000 Shares of Its