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Question(s) / Instruction(s):

A corporation purchases 6,000 of their own shares for $60,000 on January 1st. On January 20th, it reissues 1,000 of the shares by selling them for $12 each. The entry to reissue the shares includes which of the following? A) Credit to Cash for $12,000 B) Credit to Treasury Stock for $60,000 C) Credit to Paid-In Capital, Treasury Stock for $2,000 D) Debit to Treasury Stock for $10,000 E) Credit to Common Stock for $10,000

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