Coronado Industries acquired 19200 shares of its own common stock at $21 per share on February 5, 2020, and sold 9600 of these shares at $28 per share on August 9, 2021. The fair value of Coronado's common stock was $25 per share at December 31, 2020, and $26 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Coronado credit in 2021 to record the sale of 9600 shares
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Coronado Industries acquired 19200 shares of its own common stock at $21 per share on February 5, 20...
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