Solved: On march 15 the company reissued 66 shares for 28 each what, Accounting Basics

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On march 15 the company reissued 66 shares for 28 each what

On February 22, Brett Corporation reacquired 200 shares of its $2 par value common stock for $26 each. On March 15, the company reissued 66 shares for $28 each. What is true of the entry for reissuing their shares?

Credit Additional Paid in Capital $132

Debit Treasury Stock $1,716

Credit Treasury Stock $1,848

Credit Cash $1,716

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Accounting Basics: On march 15 the company reissued 66 shares for 28 each what

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Accounting Basics: On march 15 the company reissued 66 shares for 28 each what

Reference No:- TGS02577679

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