On February 1, 2018, Cue Company acquired 1,700 shares of its $1 par value stock for $54 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $57 per share. Which of the following entries would be recorded when Cue Company resells the shares of treasury stock?
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Home » Business » On February 1, 2018, Cue Company acquired 1,700 shares of its $1 par value stock for $54 per share and held these shares in treasury. On April 10, 2019, Cue resold all the treasury shares for $57 per share.