Question: 1 2 3 4 5 6 7 8 9 Close Wine Moving to another question will save this response. Question 70/9 Question 7 1 points
1 2 3 4 5 6 7 8 9 Close Wine Moving to another question will save this response. Question 70/9 Question 7 1 points On July 1 ABC sells for $8 per share 350 shares of its treasury stock previously acquired at $10 per share. The Paid- in Capital from Treasury account had a credit balance of $ 500. Journalize the transaction on July 1. A Dr. Cash 2,800, Paid in Capital From Treasury 700 / C. Treasury Stock 3.500 B. Dr. Cash 3.500 / Cr. Treasury Stock 2.800. Paid in Capital From Treasury 700 c. Dr. Cash 2,800. Paid in Capital From Treasury 500, Retained Earnings 200/Cr. Treasury Stock 3,500 D. Dr. Cash 3.500, Paid in Capital From Treasury 500. Retained Earnings 200 / C Treasury Stock 2800
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