A$1$ Storage Products purchased $11,000$ shares of its own $$0\mathrm{.}75$ par value common stock

at a cost of $$8$ per share. The stock was originally issued at $$7$ per share. Which of the

following is part of the journal entry to record the purchase?

a$.$ Credit Common Stock for $$88,000$

b$.$ Debit Treasury Stock for $$88,000$

c$.$ Credit Common Stock for $$8,250$

d$.$ Debit Treasury Stock for $$8,250$