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Author Question: The Triple S Company has a $30,000 credit balance in Paid-In CapitalTreasury Stock. It sells 600 ... (Read 155 times)

melina_rosy

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The Triple S Company has a $30,000 credit balance in Paid-In Capital–Treasury Stock. It sells 600 shares of treasury stock, which the company reacquired at $22/share, for $18/share. After the transaction, what will the balance be in the Paid-In Capital in Excess of Par–Treasury account?
◦ $27,600 credit
◦ $32,400 credit
◦ $2,400 debit
◦ $27,600 debit


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Marked as best answer by melina_rosy on Feb 18, 2020

Toya9913

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