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Nashville Company entered into the following three transactions during December 2020: . December 5: Issued 100 shares of $3 par value common stock for $10
Nashville Company entered into the following three transactions during December 2020: . December 5: Issued 100 shares of $3 par value common stock for $10 per share. December 10: Repurchased 20 shares of common stock for $16 per share. December 15: Reissued 10 shares of the treasury stock for $22 per share. Which of the following journal entries correctly records Nashville's reissuance of treasury stock on December 15, 2020? O DR Treasury Stock $220; CR Cash $220 O DR Cash $220; CR Treasury Stock $220 DR Treasury Stock $320; CR Cash $320 O DR Cash $220; CR Treasury Stock $160; CR PIC in Excess of Cost-TS $60 DR Cash $320 ; CR Treasury Stock $320
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