If Kaldon were to resell all its treasury stock at $32 per share, what journal entry would Kaldon make? ANSWER Unselected Accounts Debit Credit Cash 80,000 Treasury Stock 10,000 Paid-in Capital in Excess of Par - Treasury 70,000 Unselected Accounts Debit Credit Cash 80,000 Treasury Stock 75,000 Paid-in Capital from Treasury Stock Transactions 5,000 Unselected Accounts Debit Credit Cash 80,000 Treasury Stock 75,000 Gain on Sale of Treasury Stock 5,000 Unselected Accounts Debit Credit Cash 80,000 Treasury Stock 75,000 Paid-in Capital in Excess of Par-Common 5,000 Unselected I DON'T KNOW YET