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34 At the beginning of 2021, Rotary Cement Corp. had 14,000 shares of $5 Par value common stock outstanding that were issued at $28 a
34 At the beginning of 2021, Rotary Cement Corp. had 14,000 shares of $5 Par value common stock outstanding that were issued at $28 a share. In June, Rotary issued an additional 4,000 shares of common stock for $30 a share. A total of 70,000 shares were authorized. On September 23, Rotary purchased 600 shares of treasury stock at $26 a share. Which of the following would be included in the purchase of treasury stock? Multiple Choice 0 O Debit Treasury Stock for $3,000 0 Credit Treasury Stock for $3.000 0 C Credit Cash for $15.600 0 Credit A nal Poin Capital for $2.000
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