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On March 1, 2020 Jaguar River repurchases 30 shares of its own $1 par value common stock at $20 per share. On May 1, 2020

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On March 1, 2020 Jaguar River repurchases 30 shares of its own $1 par value common stock at $20 per share. On May 1, 2020 (t wo months later). Jaguar River resells the 30 shares of treasury stock for $30 per share. What is the entry on May 1, 2020 to record reselling the treasury stock? Cash $900 O A Treasury Stock $900 Cash B. $900 Treasury Stock Additional Paid in Capital $600 $300 Cash $900 Common Stock Treasury Stock $300 $600 $600 D. 5,000 Cash

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