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On January 1, 2019, Macy, Inc issued 40,000 shares of $8 par common stock for $30 per share. On April 15, 2020 the company repurchased

On January 1, 2019, Macy, Inc issued 40,000 shares of $8 par common stock for $30 per share. On April 15, 2020 the company repurchased 8,000 shares for $52 per share. The journal entry to record the repurchase includes O Debit Treasury Stock $416,000 O Credit to Cash $352,000 O Credit Additional Paid-in Capital $352,000 O Debit Common Stock $64,000

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