On September 1, 2014, Valdez Company reacquired 20,000 shares of its $10 par value common stock for $15 per share. Valdez uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit

A) Treasury Stock for $200,000. B) Common Stock for $200,000. C) Common Stock for $200,000 and Paid-in Capital in Excess of Par for $75,000. D) Treasury Stock for $300,000.