1 pts Cobra Company has Common Stock with 100,000 shares authorized and 25.000 shares issued Cobra...

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1 pts Cobra Company has Common Stock with 100,000 shares authorized and 25.000 shares issued Cobra Company pays $35,000 to buy back 5,000 shares of its $1 par value Common Stock. The journal entry to record this purchase would include a credit to Paid-in Capital from Treasury Stock Transactions for $30,000 debit to Treasury Stock for $35,000 credit to Common Stock for $5,000 O credit to Common Stock for $5,000 1 pts Cobra Company has Common Stock with 100,000 shares authorized and 25.000 shares issued Cobra Company pays $35,000 to buy back 5,000 shares of its $1 par value Common Stock. The journal entry to record this purchase would include a credit to Paid-in Capital from Treasury Stock Transactions for $30,000 debit to Treasury Stock for $35,000 credit to Common Stock for $5,000 O credit to Common Stock for $5,000