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Legacy Inc. purchased 3,000 shares of its own $5 par value common stock for $43 per share. Later, Legacy sold 800 shares of the treasury

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Legacy Inc. purchased 3,000 shares of its own $5 par value common stock for $43 per share. Later, Legacy sold 800 shares of the treasury stock for $49 per share. The entry to record the sale of the treasury stock is: 10. A. Cash 39,200 Treasury Stock Paid-in Capital, Treasury Stock 34,400 4,800 B. Cash 39,200 Treasury Stock Gain on Sale of Stock 34,400 4,800 C. Cash 39,200 Treasury Stock 39,200 39,200 Cash Common Stock 34,400 Paid-in Capital, Treasury Stock 4,800 3 3 3

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