Frisbee, Inc. sells 100 shares of $5 par value treasury stocks at $13 per share. If the cost of these shares is $10 per share, the entry for the sale should include credits to: a. Treasury Stock $1,000 and Paid in Capital-Treasury Stock $300. b. Treasury Stock $500 and Paid in Capital-Treasury Stock $800. c. Treasury Stock $1,000 and Retained Earnings $300. d. Treasury Stock $500 and Retained Earnings $800 Capital stock that has been issued and held by stockholders is: a. Authorized stock b. No par stock c. Outstanding Stock d. Treasury Stock If Lame Hardrockers, Inc issues 1,000 shares of $5 par value common stock for $80,000, the a. Common Stock will be credited for $80,000 b. Paid in Capital in Excess of Par Value will be credited for $5,000 c. Paid in Capital in Excess of Par Value will be credited for $75,000 d. Cash will be debited for $75,000 Two thousand shares of treasury stock of Discmyer, Inc., previously acquired at $ 16 per share, are sold at $ 24 per share. The entry to record this transaction is a. credit to Treasury Stock for $48,000 b. debit to Paid in Capital from Treasury shares for 16,000 c. debit to Treasury Stock for $ 32,000 d. credit to Paid in Capital from Treasury Stock for 16,000