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(34 of 50) A company sold 200 shares of $2 par treasury stock for $5 per share. The treasury stock was originally purchased for $4

(34 of 50)

A company sold 200 shares of $2 par treasury stock for $5 per share. The treasury stock was originally purchased for $4 per share. The journal entry for this transaction includes:

dr. Cash 1,000, dr. APIC (additional paid-in capital) 600, cr. Treasury Stock 1,600

dr. Cash 1,000, cr. APIC (additional paid-in capital) 600, cr. Treasury Stock 400

dr. Cash 1,000, dr. APIC (additional paid-in capital) 200, cr. Treasury Stock 1,200

dr. Cash 1,000, cr. APIC (additional paid-in capital) 200, cr. Treasury Stock 800

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