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Caesar's Coffee Company has a $10,000 credit balance in Paid In Capital Treasury Stock. It sells 3,500 shares of treasury stock, which the company reacquired
Caesar's Coffee Company has a $10,000 credit balance in Paid In Capital Treasury Stock. It sells 3,500 shares of treasury stock, which the company reacquired at $36/share for $29/share. The journal entry to record this sale i O A. debit Cash $126,000, credit Paid-in Capital-Treasury Stock $24 500, credit Treasury Stock $101,500 B. debit Cash $126,000, credit Treasury Stock $126,000 OC. debit Cash $101.500, debit Paid-In Capital Treasury Stock $10.000, debit Retained Earnings $14.500, credit Treasury Stock $126,000 O D. debit Cash $101.500, debit Paid-In Capital-Treasury Stock S24500 credit Treasury Stock S126000
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