28 1. Jones Company has never had any treasury stock transactions. On June 1 of the current year, they purchased 100 shares of its common stock (which has a par value of $10) for $5,000. On July 1, they reissued 50 of these shares at $52 per share. What is the balance in the Paid in Capital, Treasury Stock account on July 1? Answer A. $ 200 B. $ 100 C. $1,350 D. $ 150