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Land Corporation reported the following Common Stock, $5.00 par, 202,000 shares authorized, 176,000 shares issued $880,000 Paid in Capital in Excess of Par-Common 208,000 Retained

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Land Corporation reported the following Common Stock, $5.00 par, 202,000 shares authorized, 176,000 shares issued $880,000 Paid in Capital in Excess of Par-Common 208,000 Retained Earnings 229,000 Total Stockholders' Equity $1,317,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? O A. Retained Earnings is debited for $540,000 OB. Paid - In Capital from Treasury Stock Transactions is credited for $200 000 C. Common Stock-$5.00 Par Value is credited for $200,000 OD. Treasury Stock-Common is debited for $540,000

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