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Carla Vista Enterprises buys back 315,000 shares of its stock from investors at $14.00 a share. Two years later, it reissues this stock for $13.5

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Carla Vista Enterprises buys back 315,000 shares of its stock from investors at $14.00 a share. Two years later, it reissues this stock for $13.5 a share. The journal entry to record the stock relssuance would debit Cash for Multiple Choice $4.252 500, a credit to Treasury Stock for $4,252.500, and a credit to Additional Paid in Capital for $157,500 $4,252 500 and a credit to Treasury Stock for $4.252.500 $4.252.500, a debit to Additional Paid-in Capital for 5157.500, and a credit to Treasury Stock for $4,410,000

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