On december 2, coley corp. acquired 1,400 shares of its $3 par value common stock for $24 each. on december 20, coley corp. resold 1,000 shares for $10 each. which of the following is correct regarding the journal entry for the resold shares? a. credit treasury stock $5,000b. credit treasury stock $12,000c. credit additional paid in capital $3,000d. debit cash $9,000
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On december 2, coley corp. acquired 1,400 shares of its $3 par value common stock for $24 each. on d...
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