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On June 1st of Year 1, Hayes Company sold 10,000 shares of $1 par value common stock for $10 per share. On October 1st of

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On June 1st of Year 1, Hayes Company sold 10,000 shares of $1 par value common stock for $10 per share. On October 1st of Year 1, Hayes Company purchased 4,000 shares of its own S1 par value common stock at $15 per share. On December 1st of Year 1, Hayes Company sold 1,000 shares of the treasury stock at $24 per share. Select the journal entry that correctly records Hayes's selling of its treasury stock on December 1st, Year 1. Multiple Choice Debit Credit $96,000 Account Cash Treasury Stock Additional Paid in Capital Treasury Stock $60,000 $36,000 Debit Credit $24.000 Account Cash Treasury Stock Additional Paid In Capital Treasury Stock $10,000 $14,000 Account Debit Credit $24,000 Cash Treasury Stock $24,000 c Prou 730 Mint Credit Debit Account $96,000 Cash $60,000 $36.000 Treasury Stock Additional Paid In Capital Treasury Stock Credit Debit $24,000 Account Cash Treasury Stock Additional Paid In Capital Treasury Stock $10,000 $14,000 Debit Credit $24,000 Account Cash Treasury Stock $24,000 Debit Credit Account Treasury Stock Additional Paid In Capital Treasury Cash $15,000 $9,000 $24,000 Debit Credit $24,000 Account Cash Treasury Stock Additional Paid In Capital Treasury Stock $15,000 $9,000

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