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Cape Corporation paid $20 per share to purchase 100 shares of ts common stock as treasury stock. The stock was oniginalily ssued at 517 per

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Cape Corporation paid $20 per share to purchase 100 shares of ts common stock as treasury stock. The stock was oniginalily ssued at 517 per share. Which of the folowing woud be the joumal eny that Cape would make to record the purchase of the treasury stock? Journsal Entry Treasury Stock 2.000 Cash 2000 Journal Entry Treasury Soo Retained Earmings 1.700 300 2.000 O c. Treasury Shock Paid in Capital in Excess of Par 300 Cash .000 ournal Common Stck 2 000

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