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On January 1 , Vermont Corporation had 44,400 shares of $9 par value common stock issued and outstanding. All 44,400 shares had been issued in

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On January 1 , Vermont Corporation had 44,400 shares of $9 par value common stock issued and outstanding. All 44,400 shares had been issued in a prior period at $18 per share. On February 1, Vermont purchased 1,070 shares of treasury stock for $28 per share and later sold the treasury shares for $21 per share on March 1. The journal entry for the purchase of the treasury shares on February 1 would include a a. debi fo Treaury Steck for $29960 b. credit to Tratany Stock for 529.900 C. credit to a gein account for $10.700 d. debit to a less account fie 310,700

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