D Question 6 12.5 pts During this year, board of directors at Munoz Company authorizes repurchase of 100 shares of the company's own common stock with $2 par value for $10 per share. Which of the following journal entries is recorded correctly? ODR: Treasury Stock $1,000; CR: Cash $1,000 O DR: Cash $1,000; CR: Treasury Stock $1,000 O DR: Cash $1,000; CR: Common Stock $200 and Additional Paid-In Capital from Common Stock $800 O DR: Treasury Stock $800 and Additional Paid-in Capital from Treasury Stock $200: CR: Cash $1,000 O DR: Common Stock $1,000; CR: Cash $1,000 D Question 7 12.5 pts On April 1, Kang Corporation purchased back 250 shares of $1 par value common stock for $20 per share. Two months later on June 1, Kang Corporation reissued 100 shares of the treasury stock for $25 per share. Which of the following journal entries is recorded for June 1? O DR: Cash $2,500; CR: Treasury Stock $2,000 and Additional Paid-in Capital from Treasury Stock $500 O DR: Cash $2,500; CR: Treasury Stock $2,500 O DR: Cash $2,500; CR: Common Stock $2,000 and Additional Paid-in Capital from Common Stock $500 CO DR: Cash $6,250; CR: Treasury Stock $5,000 and Additional Paid-in Capital from Treasury Stock $1,250 O DR: Cash $2,500; CR: Common Stock $2.500