Melvin Company originally issued $5 par value common stock for $9 per share. It purchased 1,000 shares of its own stock for $11 per share. The Paid - in Capital from Treasury Stock Transactions has a credit balance of $50. What would be the journal entry for the sale of 400 shares of treasury stock for $4 per share? B. Treasury Stock - Common Paid - in Capital from Treasury Stock Transactions 4,4002,8001,600 Cash C. Cash Paid - in Capital from Treasury Stock Transactions 1,600 2,800 Treasury Stock - Common 4,400 D. Cash Paid - in Capital from Treasury Stock Transactions 1,6002,0003,600 Treasury Stock - Common