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6. On August 1, 2020, the Nawras Company reacquired 12,000 shares of its $10 par value ordinary shares for $15 per share. Nawras uses the

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6. On August 1, 2020, the Nawras Company reacquired 12,000 shares of its $10 par value ordinary shares for $15 per share. Nawras uses the cost method to account for treasury shares. The journal entry to record the reacquisition of the shares should debit (2 points) Treasury Shares for $120.000. Share Capital-Ordinary for $120.000 Share Capital Ordinary for $120.000 and Share Premium-Ordinary for $60,000. Treasury Shares for 5180.000

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