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Llewelyn Company purchased 3,600 shares of its own $8 par value common stock when the market price of the stock was $34 per share. Which

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Llewelyn Company purchased 3,600 shares of its own $8 par value common stock when the market price of the stock was $34 per share. Which following journal entries would be used to record the purchase of treasury stock? Multiple Choice Account Title Treasury stock Paid-in capital in excess of par - Connon Debit 28,800 Credit 28,800 Account Title Treasury stock Cash Debit 122,400 Credit 122,400 Account Title Treasury stock Connon stock Paid-in capital in excess of par - Common Debit 122,400 Credit 28,800 93,600 Cash Account Title Debit 122,400 Credit Account Title Treasury stock Paid-in capital in excess of par - Common Debit 28,800 Credit 28,800 Account Title Treasury stock Cash Debit 122,400 Credit 122,400 Account Title Treasury stock Common stock Paid-in capital in excess of par - Common Debit 122,400 Credit 28,800 93,600 Account Title Cash Treasury stock Paid-in capital in excess of par - Common Debit 122,400 Credit 28,800 93,600

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