Question

Treasury stock that had been purchased for $4,566 last month was reissued this month for $5,184....

Treasury stock that had been purchased for $4,566 last month was reissued this month for $5,184. What would the journal entry to record the reissuance include?

Select the correct answer.

Credit to Treasury Stock for $618

Credit to Treasury Stock for $4,566

Credit to Excess of Par/Common for $618

Debit to Treasury Stock for $4,566

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