Assume a company with an authorization of 20,000 shares of $25 par common stock and issuance of 20,000 shares had reacquired 1,000 shares of their own common stock at $45 per share. Indicate the accounts that should be recorded in the Description column of the Journal item (1) as the account to be debited for the $12,000 if it reissues 200 shares of the treasury stock at $60 per share.

A. Treasury stock

B. Cash

DATE DESCRIPTION PREF DEBIT CREDIT 12,000 C1) (2)