Entity K is authorized to issue 1,000,000 shares of $2 par value common stock. On January 1, Entity K issued 600,000 shares of stock at $9 per share. On October 1, it repurchased 30,000 shares of common stock for the treasury at $10 per share. The journal entry to record the October 1, treasury stock transaction includes:

		a debit to Paid-In Capital in Excess of Par, Common Stock for $210,000
		a debit to Treasury Stock for $300,000
		a debit to Long-Term Investments for $300,000
		a debit to Common Stock for $60,000