Question: Using the following information, the journal entry to record the March 5th transaction will be: January 1: Walgreens reacquires 2,000 shares of its $15 par

Using the following information, the journal entry to record the March

Using the following information, the journal entry to record the March 5th transaction will be: January 1: Walgreens reacquires 2,000 shares of its $15 par value Common Stock for $66 per share. March 5: Walgreens reissues 1,000 of the above-mentioned shares for $75 per share. Cash 75,000 Treasury Stock 66,000 Investment Income 9,000 Cash 75,000 Treasury Stock 75,000 Cash 75,000 Treasury Stock 15,000 APIC - TS 60,000 Cash 75,000 Treasury Stock 66,000 Gain on Sale of T\$ 9,000 Cash 75,000 Treasury Stock 66,000 APIC-TS 9,000

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