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At the beginning of 2021, Rotary Cement Corp. had 14,000 shares of $5 Par value common stock outstanding that were issued at $28 a share.

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At the beginning of 2021, Rotary Cement Corp. had 14,000 shares of $5 Par value common stock outstanding that were issued at $28 a share. In June, Rotary issued an additional 4,000 shares of common stock for $30 a share. A total of 70,000 shares were authorized. On September 23, Rotary purchased 600 shares of treasury stock at $26 a share. Which of the following would be included in the purchase of treasury stock? Multiple Choice C Debit Treasury Stock for $3,000 C Credit Treasury Stock for $3,000 Credit Cash for $15.600 o Credit Additional Pidin Capital for $12.000

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