A company purchases 600 shares of its $100 par value common stock at $110 per share. It then reissues 100 shares at $114 per share. The entry upon reissue of the stock would be:

a. Cash 11,400
Treasury Stock-Common 11,000
Paid-in Capital, Treasury Stock 400

b. Cash 11,400
Treasury Stock-Common 11,400

c. Cash 11,400
Treasury Stock-Common 11,000
Gain on Sale of Treasury Stock 400

d. Cash 11,400
Treasury Stock-Common 10,000
Retained Earnings 1,400


A

Business

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