Prior to June 30, a company has never had any treasury stock transactions. The company repurchased 180 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 85 of these shares at $46 per share. On August 1, it reissued 65 of the shares at $39 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Multiple Choice O Debit Common Stock $3,910; credit Cash $3,910. Debit Cash $3,910; credit Paid-in Capital, Treasury Stock $510; credit Treasury Stock $3,400. Debit Common Stock $3,910; credit Treasury Stock $3,400, credit Paid-In Capital, Treasury Stock $510.

Prior to June 30 , a company has never had any treasury stock transactions. The company repurchased 180 shares of its $1 par common stock on June 30 for $40 per share. On July 20 , it reissued 85 of these shares at $46 per share. On August 1 , it reissued 65 of the shares at $39 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20 ? Multiple Choice Debit Common Stock \$3,910; credit Cosh \$3,910 Debit Cash \$3,910; credit Paid-in Capital, Treasury Stock \$510, credit Treasury \$tock \$3,400. Debit Common Stock \$3,910; credit Treasury Stock \$3,400, credit Paid-In Capital, Treasury \$tock $510