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Dragonstone Corp purchased 800 shares of the company's issued common stock, paying 515 per share. To record the purchase, the jour entry will be Gm

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Dragonstone Corp purchased 800 shares of the company's issued common stock, paying 515 per share. To record the purchase, the jour entry will be Gm O A. Debit to Treasury Stock $12,000, credit to Cash $12,000 OB. Debit to Traury Stock $12,000, credit to Common Stock $12,000 OC. Debit to Common Stock $12,000, credit to Cash $12.000 OD. No journal entry is needed

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