A company purchases $1,000$ shares of its $$10$ par value common stock when the market price per share is $$25.$ The entry to record the treasury stock purchase is

Multiple Choice

debit Treasury Stock, $$25,000$;

credit Cash $$25,000.$

debit Cash $$25,000$;

credit Treasury Stock, $$25,000.$

debit Treasury Stock $$10,000$;

debit Paid$-$in Capital in Excess of Par Value, Common, $$15,000$;

credit Cash $$25,000.$

debit Common Stock, $$10,000$;

debit Paid$-$in Capital in Excess of Par Value, Common, $$15,000$;

credit Cash $$25,000.$