GE buys back 311.000 shares of Its stock from investors at $56 a share. Two years later it reissues this stock for $76 a share. The stock reissue would be recorded with a debit to Cash for: a debit to Cash of $23 64 million and a credit to Treasury Stock of $23.64 million. a debit to Cash of $23.64 million, a credit to Treasury Stock of $17.42 million, and a credit to Gain on Sale of Treasury Stock for $6.22 million. a debit to Cash of $17.42 million, a debit to Additional Paid-in Capital of $6 22 million, a credit to Treasury Stock of $17.42 million, and a credit to Stockholders' Equity of $6 22 million. a debit to Cash of $23.64 million, a credit to Treasury Stock of $17 42 million, and a credit to Additional Paid-in Capital of $6.22 million