17

Treasury stock that had been purchased for $5,600 last month was reissued this month for $8,500. The journal entry for the reissuance would include a credit to Paid-In Capital from Sales of Treasury Stock for $2,900 Paid-In Capital from Sale of Treasury Stock for $8,500 Treasury Stock for $8,500 O Paid-In Capital in Excess of Par-Common Stock for $2,900