20 1. Larkspur Corporation purchased 300 shares of its own $10 par value common stock for $7,500. Later, these shares are sold for $7,800 cash. The journal entry to record the sale includes a: Answer A. $ 300 credit to Paid-in Capital from Treasury Stock B. $4,800 credit to Paid-in Capital from Treasury Stock C. $ 300 credit to Gain on Sale of Treasury Stock D. $7,800 credit to Treasury Stock E. None of the above