On Mar 15, SSS sells 250 shrs of T-stock at $10/shr. The T-stock was previously aquired at $12/shr and the current credit balance in PIC from T-stock is $250. Journalize the sale. Debit cash $2500; credit PIC from TS $2500 Debit cash $2500 and Retained Earnings $500; credit TS $3000 Debit cash $2500 and PIC from TS $500; credit TS $3000 Debit cash $2500; credit PIC from TS $2000 and TS $500 Debit cash $2500, PIC from TS $250 and Retained Earnings $250; credit TS $3000 Accounts Receivable balance increased $1000. For the Cash Flow Statement Subtract from Investing Activities Add to Investing Activities Add to Operating Activities Subtract from Operating Activities Subtract from Financing Activities On Jan 1, Sonoran Sound Systems issues 10,000 of common stock (CS) at $10/shr. The par value (PV) of the stock is $5/shr. Journalize the issuance. Debit cash $100,000; credit CS $50,000 and PIC in excess of SV $50,000 Debit CS (common stock) $100,000; credit cash $50,000 and PIC in excess of PV-CS $50,000 Debit cash $100,000; credit CS $50,000 and PIC in excess of PV-CS $50,000 Debit cash $100,000; credit CS $100,000 Debit cash $50,000; credit CS $50,000 On Feb 1, SSS purchases back 1000 shrs of the stock it issued in Jan. SSS paid $12/shr. Journalize the purchase. debit CS $10,000 and PIC from Tstk $2000; credit cash $12,000 Debit TS $2000 and CS $10,000; credit cash $12,000 Debit TS $12,000; credit cash $12,000 Debit Treasury Stock (TS) $10,000 and PIC from Tstk $2000; credit cash $12,000 Debit CS $12,000; credit cash $12,000