A. a normal debit balance and is a contra asset account B. a normal debit balance and is a contra equity account C. a normal credit balance and is a contra equity account D. a normal credit balance and is a contra asset account A corporation originally issued $10 par value common stock for $13 per share, It purchased 4,000 shares of its own stock for $24 per share. Which of the following would be the journal entry for the sale of 15 shares of treasury stock for $16 per share? Assume the Paid - in Capital from Treasury Stock Transactions has a credit balance of $20. On March 21, 2025, the bond accounts of Nolen Services showed the following balances