A corporation purchase 3,000 share of its common stock for $16 per share. If 1,000 shares of the treasury stock were later sold for $21 per share, one of the credit in the journal entry to record this transaction would be to __________ for __________.

a. cash; #21,000

b. common stock; $16,000

c. Common Treasury Stock; $16,000

d. Paid -in Capital from Sale of Treasury Stock; $16,000

My answer is D