Denny's Deli, Inc.

The stockholders' equity section of the December 31, 2009, balance sheet for Denny's Deli appeared as follows.

Common Stock, $30 par, 20,000 shares issued and outstanding		$ 600,000
Paid-in Capital in Excess of Par--Common Stock		240,000
Retained Earnings		700,000
	Total Stockholders' Equity	$1,540,000

Assume that all of the 20,000 shares of Denny's stock that was issued as of December 31, 2009, was issued for $42 per share. On March 1, 2010, Denny reacquired 4,000 shares of its common stock for $50 per share. Refer to the information presented above for Denny's Deli, Inc. Suppose that Denny reissued 1,000 shares of its treasury stock on June 1, 2010, for $44 each. Which of the following is true regarding the entry required to record this transaction?

	a.	A debit to treasury stock is required for $44,000.
	b.	A credit to treasury stock is required for $50,000.
	c.	A credit to retained earnings is required for $6,000.
	d.	A debit to paid-in capital from treasury stock transactions is required for $6,000.