Could you please, show me all the journal entries (not the only one that required) even though its not required. I dont need an answer, I know the correct one is B.

As I understand its supposed to look like this:

Feb 5, 2017

Treasury Stock (20 000*20) 400 000

Cash 400 000

Aug 9, 2018

Cash (10 000*27) 270 000

Treasury Stock (10 000*20). 200 000

Paid-in Capital from TS 70 000

Dec 31, 2018

Cash (10 000*25) 250 000

Treasury Stock (10 000*20). 200 000

Paid-in Capital from TS 50 000

Why Im I wrong? Please, explain.

Thank you.

0. Gannon Company acquired 20,000 shares of its own common stock at $20 per share on February 5, 2017, and sold 10,000 of these shares at $27 per share on August 9,2018, $27 per share on August 9, 2018 of Gannon's common stock was $24 per share at December 31, 2017, and The fair value $25 per share at December 31, 2018. The cost method is used to record treasury stock transactions. What account(s) should Gannon credit in 2018 to record the sale of 10,000 shares? a. Treasury Stock for $270,000 b. Treasury Stock for $200,000 and Paid-in Capital from Treasury Stock for $70,000. c. Treasury Stock for $200,000 and Retained Earnings for $70,000. d. Treasury Stock for $240,000 and Retained Earnings for $30,000 B, LO: 2, Bloom: AP, Difficulty: Moderate, Min: 3, AACSB: Analytic, AICPA BB: None, AICPA FN: Measurement, AICPA PC: Prob. Solving, IMA Reporting, IFRS: None