Gruber Law Offices paid $54,000 to buy back 9,000 shares of its$1 par value common stock. The stock was sold later at a selling price of $10 per share. The journal entry to record the sale would includea: (Do not round intermediatecalculations.)

A.

credit to Paidin Capital from Treasury Stock Transactions $54,000.

B.

debit to Common Stock $54,000.

C.

credit to Common Stock $36,000.

D.

credit to Paidin Capital from Treasury Stock Transactions $36,000.