Gannon Company acquired 20,000 shares of its own common stock at $20 per share on February 5, 2020, and sold 10,000 of these shares at $27 per share on August 9, 2021 The fair value of Gannon's common stock was $24 per share on December 31, 2020, and $25 per share on December 31, 2021 The cost method is used to record treasury stock transactions What account(s) should Gannon credit in 2021 to record the sale of 10,000 shares a Treasury Stock for $270,000 b Treasury Stock for $200,000 and Paid In Capital from Treasury Stock for $70,000 c Treasury Stock for $200,000 and Retained Earnings for $70,000 d Treasury Stock for $240,000 and Retained Earnings for $30,000

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Gannon Company acquired 20,000 shares of its own common stock at $20 per share on February 5, 2020, and sold 10,000 of these shares at $27 per share on August 9, 2021  The fair value of Gannon's common stock was $24 per share on December 31, 2020, and $25 per share on December 31, 2021  The cost method is used to record treasury stock transactions  What account(s) should Gannon credit in 2021 to record the sale of 10,000 shares  a  Treasury Stock for $270,000 b  Treasury Stock for $200,000 and Paid In Capital from Treasury Stock for $70,000 c  Treasury Stock for $200,000 and Retained Earnings for $70,000  d  Treasury Stock for $240,000 and Retained Earnings for $30,000

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Gannon Company acquired 20,000 shares of its own common stock at $20 per share on February 5, 2020, and sold 10,000 of these shares at

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