A Corporation Originally Issued $13 Par Value Common Stock for $15

question 169

Multiple Choice

A corporation originally issued $13 par value common stock for $15 per share.Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share?

• A) Treasury Stock-Common is debited for $3300.
• B) Treasury Stock-Common is credited for $45.
• C) Retained Earnings is debited for $1650.
• D) Treasury Stock-Common is debited for $1650.

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