Question: Refer to the data in PE 11-7 through 11-9. Assume the paid-in capital, treasury stock account currently has a $1,000 credit balance. Diviney resells 800

Refer to the data in PE 11-7 through 11-9. Assume the paid-in capital, treasury stock account currently has a $1,000 credit balance. Diviney resells 800 shares of treasury stock for $30 per share. Make the necessary journal entry (or entries) to record this transaction.

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