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Aston Industries has the following information available: Common Stock -- $0.01 par value ..............................................................................$3,000 Additional Paid-in Capital - Common Stock.......................................................$2,496,000 Treasury Stock -- 5,000 shares

Aston Industries has the following information available:

Common Stock -- $0.01 par value ..............................................................................$3,000

Additional Paid-in Capital - Common Stock.......................................................$2,496,000

Treasury Stock -- 5,000 shares at a cost of $10.22 ...................................................$76,500

Additional Paid-in Capital - Treasury Stock..................................................................$340

Retained Earnings ...................................................................................................$487,000

At the end of the year, Ashton Industries received $22,725 cash by re-issuing 2,250 shares of its common stock to employees. The journal entry to record the re-issuance of the treasury stock would include a:

A) Credit to additional paid-in capital treasury stock for $270.

B) Credit to treasury stock for $22,995.

C) Debit to additional paid-in capital treasury stock for $340.

D) Debit to treasury stock for $22,725.

E) Debit to retained earnings for $270.

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