Haverty Company repurchases 350 shares of its common stock on November 10 for $20 per share. On December 19, it resells 200 shares for $18 per share. Which of the following is the journal entry made to record the sale of treasury stock, assuming Haverty has repurchased shares for the first time on November 10?

a)

Cash 3,600

Treasury Stock 3,600

b)

Cash 4,000

Treasury Stock 4,000

c)

Cash 3,600

Common Stock 3,600

d)

Cash 3,600

Capital in excess of cost treasury stock 400

Treasury Stock 4,000

e)

Cash 3,600

Retained Earnings 400

Treasury Stock 4,000