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Bramble Company originally issued 3800 shares of $10 par value common stock for $95000 ($25 per share). Bramble subsequently purchases 380 shares of treasury stock
Bramble Company originally issued 3800 shares of $10 par value common stock for $95000 ($25 per share). Bramble subsequently purchases 380 shares of treasury stock for $26 per share and resells the 380 shares of treasury stock for $30 per share. In the entry to record the sale of the treasury stock, there will be a
| credit to Paid-In Capital from Treasury Stock for $1520. |
| credit to Common Stock for $9880. |
| credit to Treasury Stock for $3800. |
| debit to Paid-In Capital in Excess of Par of $9500. |
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