Cooper Corporation has 100,000 common shares issued at an average price of $20 per share Cooper reacquires 1,000 shares for $19.500 and cancels them. The Journal entry would include: Select one a a $20,000 debit to Common Shares e b. a $500 credit to Retained Earnings c a $19,500 debit to cash dia $500 debit to Contributed Surplus