Prior to June 30 , a company has never had any treasury stock transactions. The company repurchased 185 shares of its $1 par common stock on June 30 for $42 per share. On July 20 , it reissued 90 of these shares at $46 per share. On August 1, it reissued 70 of the shares at $40 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20 ? Debit Cash \$4,140; credit Treasury Stock \$4,140. Debit Common Stock \$4,140; credit Treasury Stock \$3,780; credit Paid-In Capital, Treasury Stock \$360. Debit Cash \$4,140; credit Paid-in Capital, Treasury Stock \$360; credit Treasury Stock $3,780. Debit Common Stock \$70; debit Treasury Stock \$4,070; credit Cash \$4,140. Debit Common Stock \$4,140; credit Cash \$4,140