Common Stock:Shares Issued 100,000 Common Stock Par Value $10.00 Stock-buy back price (cost) $25.00 Number of shares purchased 10,000 APIC-Common Stock $50,000 Common Stock $1,000,000 Resale Price $20.00 Number of shares resold 5,000

"Which of the following is true about the entry to record the RESALE of the Treasury Stock? There have been NO other treasury stock transactions. Select only Correct answers, incorrect answers are penalized.

"Debit Common Stock for $50,000."

"Credit Common Stock for $100,000."

"Debit Retained Earnings $25,000."

"Credit loss on sale of treasury stock for $25,000"

Credit Treasury Stock for $100,000."

"Credit Treasury Stock for $125,000."

"Debit Cash for $100,000."

"Debit PIC, Treasury Stock for $25,000."

"Credit Cash for $100,000."