A company purchases 300 shares of its $100 par value common stock at $110 per share. It then reissues 50 shares at $114 per share. The entry upon reissue of the stock is:
A) Cash 5,700 Treasury Stock-Common 5,500Paid-in Capital, Treasury Stock 200
B) Cash 5,700 Treasury Stock-Common 5,500Gain on Sale of Treasury Stock 200
C) Cash 5,700 Treasury Stock-Common 5,000Retained Earnings 700
D) Cash 5,700 Treasury Stock-Common 5,700
A
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