A company sold 10,000 shares of its own $1 par value common stock for $60,000 . The entry to record the sale would include a
a. debit to treasury stock for $60,000.
b. debit to contributed capital for $10,000.
c. credit to common stock, $1 par value for $10,000..
d. credit to common stock, $1 par value for $60,000.
C
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