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On April 1, 2016, Diamond Corporation reacquired 1,000 shares of its own $20 par stock for a total of $130,000 cash. On October 15, 300

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On April 1, 2016, Diamond Corporation reacquired 1,000 shares of its own $20 par stock for a total of $130,000 cash. On October 15, 300 of the treasury shares were reissued at a price of $140 per share. The journal entry to record the reissuance of the 300 shares of stock on October 15 includes a: O A. Credit to Additional Paid-In Capital: Treasury Stock of $3,000 OB. Credit to Common Stock of $6,000 OC. Credit to Gain on Treasury Stock of $3,000 OD. Credit to Treasury Stock of $42,000

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