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6 A business reacquired common shares during the year. DATA Common Stock APIC-Common Stock Common Stock:Shares Issued Stock-Par Value Stock-buy back price Number of shares

6 "A business reacquired common shares during the year. DATA Common Stock APIC-Common Stock Common Stock:Shares Issued Stock-Par Value Stock-buy back price Number of shares purchased $200,000 $50,000 200,000 $1.00 $30.00 5,000 Which of the following is true about the entry to record the purchase of shares from shareholders? Select all true statements, incorrect answers are penalized." "Credit Treasury Stock for $150,000. "Debit PIC, Treasury Stock $145,000." "Debit Common Stock for $150,000. "Credit PIC, Treasury Stock $145,000 "Debit Common Stock for $5,000 "Credit Cash for $150,000. "Debit Treasury Stock for $ 150,000." "Debit Cash for $150,000." MacBook Provimage text in transcribed

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