On January 1, 2020, Meyer Inc. issued 10,000 shares of $1 par common stock for $10 per share. On June 30, 2020, Meyer Inc. reacquired 1,000 shares of common stock at $8 per share. On December 15, 2020, Meyer Inc. reissued 500 shares of common stock at $12 per share. Assume that Meyer accounts for repurchases of its common stock as direct stock retirements. The entry on June 30, 2020, to account for the direct stock retirement would include: A debit to Retained Earnings for $9,000. A. A credit to Paid-in Capital in Excess of ParCommon Stock for $2,000. B. A debit to Paid-in Capital in Excess of Par-Common Stock for $9,000. C. A credit to Retained Earnings for $2,000. D