Accounting

On August 1, 2019, Deuce Corporation repurchases 1,000 shares of its outstanding common stock for $20 per share. The stock has a par value of $15 per share. On October 1, 2019, Deuce sells 500 shares of treasury stock for $23 per share, and on December 15, 2019. Deuce sells 400 shares of treasury stock for $16 per share. The journal entry to record the transaction on August 1 would include: Adebit to Treasury Stock $15.000, a debit to Additional Paid-in Capital Treasury Stock for $5.000, and a credit to Cash for $20.000 A debit to Treasury Stock for $20,000, and a credit to Cash for $20,000 Adebit to Common Stock for $15,000, a credit to Additional Paid-in Capital - Common Stock for $5,000, and a credit to Cash for $20,000 A debit to Common Stock for $20,000, and a credit to Cash for $20,000