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 under the treasury stock method. The entry on December 15, 2020, to account for the reissuance of stock would include:

Group of answer choices

A) A debit to Paid-in CapitalTreasury Stock for $2,000.

B) A credit to Paid-in CapitalTreasury Stock for $2,000

C) A credit to Paid-in CapitalTreasury Stock for $4,000. D) A credit to Retained Earnings for $2,000.

D) A credit to Retained Earnings for $2,000